#nvidiahitsrecordhighup2.4%
๐จ $NVDA just hit another record โ but barely. ๐
Nvidia reached an intraday high of $237.88, pushing its market cap toward $5.7T.
Sounds like a major breakout, right?
Hereโs the catch:
๐ $237.88 โ new intraday high
๐ $236.54 โ previous record
๐ $233.95 โ closing price
๐ ~$5.7T โ market cap
The new high was only about 0.6% above the previous record, while the headline showed +2.4% and NVDA ultimately closed at just +1.34%.
So whatโs driving the move?
๐ฌ AI demand remains strong.
๐ฐ Nvidia announced another $150B buyback.
๐ฆ Morgan Stanley restored NVDA as a top pick.
๐ Weaker jobs data lowered Fed hike expectations, giving the Nasdaq another tailwind.
But an intraday record isnโt the same as a confirmed breakout.
The real test is whether NVDA can hold above ~$234 instead of touching a new high and fading.
๐ง A new high proves momentum. A strong close proves demand.
Soโฆ is Nvidia breaking out, or just testing the ceiling? ๐
$NVDA
#NVIDIA #Aฤฐ #stockmarket #NVDA
๐จ $NVDA just hit another record โ but barely. ๐
Nvidia reached an intraday high of $237.88, pushing its market cap toward $5.7T.
Sounds like a major breakout, right?
Hereโs the catch:
๐ $237.88 โ new intraday high
๐ $236.54 โ previous record
๐ $233.95 โ closing price
๐ ~$5.7T โ market cap
The new high was only about 0.6% above the previous record, while the headline showed +2.4% and NVDA ultimately closed at just +1.34%.
So whatโs driving the move?
๐ฌ AI demand remains strong.
๐ฐ Nvidia announced another $150B buyback.
๐ฆ Morgan Stanley restored NVDA as a top pick.
๐ Weaker jobs data lowered Fed hike expectations, giving the Nasdaq another tailwind.
But an intraday record isnโt the same as a confirmed breakout.
The real test is whether NVDA can hold above ~$234 instead of touching a new high and fading.
๐ง A new high proves momentum. A strong close proves demand.
Soโฆ is Nvidia breaking out, or just testing the ceiling? ๐
$NVDA
#NVIDIA #Aฤฐ #stockmarket #NVDA
