6:34 PM · 17 June 2021

Nvidia stock rose 5% on analyst upgrade

Nvidia (NVDA.US) shares rose more than 5% after Jefferies maintained a Buy rating and lifted its price target on the semiconductor stock to $854 from $740. "We see NVDA as a major beneficiary of the 4th Tectonic Shift in Computing, in which parallel processing captures share in the computing market," Jefferies' Mark Lipacis said. "We think NVDA's decade-long investment in CUDA has resulted in a multi-year competitive advantage." Company's chief financial officer, Colette Kress told Lipacis that it was possible for the company to break out software sales as a revenue line item once it becomes a meaningful portion of the business. Nvidia also expects that its Arm acquisition will close in the early part of 2022. 

Nvidia (NVDA.US) stock bounced off 50 SMA ( green line) during yesterday’s session and hit a new all-time high around $753 per share. If the current sentiment prevails, then the next target for bulls is located at 127.2 and 161.8 external Fibonacci retracements of the recent upward wave. However if sellers will manage to regain control then nearest support lies at $721.67 per share. Source: xStation5

28 July 2026, 7:31 AM

Morning Wrap: US halt to attacks balanced by semiconductor sector declines (28.07.2026)

27 July 2026, 6:48 PM

Daily Summary: Chip War Weighs on Wall Street as Oil Plunges After US–Iran Ceasefire ⭐

27 July 2026, 5:40 PM

Nasdaq-100 under pressure after chip sell-off

27 July 2026, 4:42 PM

China Is Building Its Own Chip-Making Machines. ASML Under Pressure as the Technology War Enters a New Phase

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits