Nvidia is globally compressed in range. Farther Up.

NVIDIA Corporation
Idea: Long
Horizon: 2-4 months
Target: $191
Potential of the idea: 43.6%

Technical analysis
The stock is near key support levels. The likelihood of a strong rebound in the near future is high.

Fundamental factor
NVIDIA is the world's largest developer of graphics gas pedals and processors. Its chip-based platforms are used in a wide range of industries - from computer games to cloud services and autopiloting. Global technological advancement will continue, and demand for semiconductor chips will continue to grow in spite of the obstacles. NVIDIA has a very strong position in segments that are expected to outpace growth in the coming years, and we remain optimistic about its future.