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Nvidia Is Breaking Out Don T Get Left Behind Nasdaq Nvda

Bonisiwe Shabane
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nvidia is breaking out don t get left behind nasdaq nvda

Antonio Bordunovi/iStock Editorial via Getty Images Nvidia Corporation (NVDA) stock looks ready to move higher, as the fundamentals continue to be strong, the valuation is reasonable, and the chart may be starting to break out. To top things off, NVDA option prices are Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA 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. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Written by Thomas Hughes, MarketBeat Contributor for MarketBeat-> NVIDIA (NASDAQ: NVDA) stock rose to set a new high in early October, signaling a continuation of the rally. The market, despite the uncertainty and headwinds caused by inflation, tariffs, and geopolitical tension, determined that the revenue and earnings growth outlook offset the risks, and the stock is undervalued. NVIDIA’s breakout also means the S&P 500 index (NYSEARCA: SPY) will most likely follow it higher. NVIDIA isn’t a cheap stock, trading at roughly 42x its 2026 earnings consensus. However, this premium company merits a premium valuation, and its growth outlook remains a key factor.

The 42x price multiple also accounts for significant growth: the P/E ratio falls to only 29x next year’s earnings outlook, 21x the 2030 consensus target, and 11x the 2035 figure, suggesting this stock could... The factor driving the market higher so quickly is the rising earnings consensus for this year and each of the following years out to 2035. The increasing consensus is due to a trend of upward revisions that provide a lift to sentiment and deepen the valuation. The revision trend is driven by pipeline growth, as new deals are added to the list weekly. Not only is NVIDIA expanding its partnerships and data center footprint, but companies such as CoreWeave (NASDAQ: CRWV), which offer advanced GPU-as-a-service for AI developers and workloads, are also expanding theirs. CoreWeave, for one, recently announced a $14 billion deal with Meta Platforms (NASDAQ: META) that builds upon an earlier agreement.

The technical and analyst trends are robust, and indicate a move to the $250 to $260 level, potentially higher if the subsequent earnings report and deal volume are bullish. Technically, this market is blowing past the initial targets set when it broke out of its trading range in June. The action since reveals that the range was a minor hiccup in a vigorous rally that has yet to play out. The price action in August and September reveals the true strength of this market, as the summer rally did not peak until it achieved a 100% price gain. Got a confidential news tip? We want to hear from you.

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Global Business and Financial News, Stock Quotes, and Market Data and Analysis. As Americans set off fireworks for the Fourth, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang might need a bigger sparkler. The stock just closed at $159.34 on Thursday, less than 3% shy of the historic $4 trillion market cap milestone. If it hits $164, it'll become the first chipmaker — and only the second U.S. company after Microsoft Corp (NASDAQ:MSFT) – to touch that number. That's not just bullish momentum.

That's a whole new orbit. After a brief tariff tantrum over AI chip restrictions to China, Nvidia didn't just bounce back – it rocketed. A Morgan Stanley note this week citing "very strong demand for all Blackwell form factors" poured fuel on the fire, reported The Information. And while China sales are under pressure, Europe is stepping up: Nvidia's slew of new partnerships with European AI developers could be the offset investors needed. Read Also: Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025 Despite whispers of rivals like Microsoft and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google designing custom AI chips, none have dented Nvidia's dominance.

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Antonio Bordunovi/iStock Editorial via Getty Images Nvidia Corporation (NVDA) stock looks ready to move higher, as the fundamentals continue to be strong, the valuation is reasonable, and the chart may be starting to break out. To top things off, NVDA option prices are Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other ...

I Have No Business Relationship With Any Company Whose Stock

I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licens...

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Written by Thomas Hughes, MarketBeat Contributor for MarketBeat-> NVIDIA (NASDAQ: NVDA) stock rose to set a new high in early October, signaling a continuation of the rally. The market, despite the uncertainty and headwinds caused by inflation, tariffs, and geopolitical tension, determined that the revenue and earnings growth outlook offset the risks, and the stock is undervalued. NVIDIA’s breakou...

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The technical and analyst trends are robust, and indicate a move to the $250 to $260 level, potentially higher if the subsequent earnings report and deal volume are bullish. Technically, this market is blowing past the initial targets set when it broke out of its trading range in June. The action since reveals that the range was a minor hiccup in a vigorous rally that has yet to play out. The pric...