🚨 NVIDIA logs a new historic high — but can $NVDA keep climbing?
NVIDIA reached a new record level near $237.88, pushing its market value to around $5.7 trillion. 📈
And this move didn’t come out of nowhere—there are 3 key catalysts traders are watching:
🔥 1. Weak jobs data changed the economic landscape
The U.S. economy added only 29,000 jobs in September versus expectations of around 90,000, reducing expectations for near-term interest rate hikes by the Federal Reserve. After the data was released, tech stocks and the Nasdaq rose.
💰 2. NVIDIA announces a major share buyback program
The company increased its authorization for share repurchases by $150 billion, bringing the remaining amount to about $235 billion through fiscal year 2028.
🤖 3. Demand for artificial intelligence is still delivering strong numbers
NVIDIA’s most recent quarterly revenue reached $96.2 billion, up 106% year over year.
📊 My take on the move:
🟢 Bullish scenario: If $NVDA holds the breakout while trading volumes remain strong, the price discovery phase could continue.
🔴 Downside risks: After this rally to record levels, profit-taking, rising bond yields, or lower expectations for AI spending could trigger a blind correction.
🚀 ?
$NVDAB $AAPLB
#NVDA #AIStocks #NFPWatch
NVIDIA reached a new record level near $237.88, pushing its market value to around $5.7 trillion. 📈
And this move didn’t come out of nowhere—there are 3 key catalysts traders are watching:
🔥 1. Weak jobs data changed the economic landscape
The U.S. economy added only 29,000 jobs in September versus expectations of around 90,000, reducing expectations for near-term interest rate hikes by the Federal Reserve. After the data was released, tech stocks and the Nasdaq rose.
💰 2. NVIDIA announces a major share buyback program
The company increased its authorization for share repurchases by $150 billion, bringing the remaining amount to about $235 billion through fiscal year 2028.
🤖 3. Demand for artificial intelligence is still delivering strong numbers
NVIDIA’s most recent quarterly revenue reached $96.2 billion, up 106% year over year.
📊 My take on the move:
🟢 Bullish scenario: If $NVDA holds the breakout while trading volumes remain strong, the price discovery phase could continue.
🔴 Downside risks: After this rally to record levels, profit-taking, rising bond yields, or lower expectations for AI spending could trigger a blind correction.
🚀 ?
$NVDAB $AAPLB
#NVDA #AIStocks #NFPWatch
