Nvidia: Why A Sharp Breakout Might Be Imminent
Summary
- Nvidia's recent earnings show robust growth, with Q1FY2026 revenue up 69% year-over-year and strong margins despite China export headwinds.
- Valuation concerns are overblown; Nvidia's forward P/E is mid-range among mega-cap tech peers, leaving room for further upside.
- Price analysis suggests a breakout above all-time highs could trigger a short squeeze and FOMO-driven rally, despite recent bearish volatility.
- I remain bullish, view pullbacks as buying opportunities, and have added to my position, targeting a move toward $200 per share.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA, GOOG, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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