
Cathie Wood’s Ark Invest claimed it foresees Tesla to hit the $3000 level by 2025. Are you among bulls as well as Ark?
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage! NVIDIA mainly produces semiconductors for the graphics and networking segment, which includes chips for data centers, automobiles, and robots. And, the company revealed awesome results for both! Graphics was up 47% from the same period last year. Networking was up 91% year-over-year.
The company is planning to launch new graphics cards for mining cryptocurrencies in March, but CEO Jensen Huang disappointed a bit its customers as he said: “We expect that to be a small part of our business as we go forward”.
Nvidia is going to buy ARM from Softbank for $40 billion, which will boost its semiconductor industry as ARM develops low-power chips — and it supplies technology to most of Nvidia’s competitors. “We are making good progress toward acquiring Arm, which will create enormous new opportunities for the entire ecosystem,” Nvidia CEO Jensen Huang said.
After revealing such great results, Nvidia has no other chance as to rocket to fresh highs! The way up to the high of February 18 at $615.00 is open now. However, this resistance is on the upper trend line, therefore, the price may struggle to escape the current channel. But who knows! Just in case, be aware of support levels at $540.00 and $500.00.
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Cathie Wood’s Ark Invest claimed it foresees Tesla to hit the $3000 level by 2025. Are you among bulls as well as Ark?
GameStop is back! It has already surged by 14% in pre-trade hours.
On Wednesday, Russia’s department of communications control Roskomnadzor slowed down Twitter’s speed. What does it mean for the stock?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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