$NVDAON #ShareYourUSStocksWinNvidia

Hello everyone, Gate TradeFi has opened its doors, and with Alpaca infrastructure, we're touching over 10,000 stocks and ETFs on the NYSE and Nasdaq with USDT, and NVDA is at the heart of this story.

🔹 Accelerating earnings are in. May 20th results showed EPS of 1.87, exceeding expectations of 1.76, and revenue of $81.62 billion, surpassing the $78.42 billion expectation, representing an 85.2% year-over-year increase. Data Center growth reached $75.2 billion, a 92% increase, total revenue rose 85% to $81.6 billion, and free cash flow climbed to $49 billion. Margins remained strong around 75%, with the N1X PC launch and Vera production opening up new demand.

🔹 The recovered price movement is stabilizing around $216. The 52-week range is between 137.95 and 236.54, currently hinting at a peak. Support at 215.64 remains strong, with the next base being watched at 220. Resistance levels are 226 and 232; a breakout would target the record high of 236.54. After rejected attempts, buyers appear to be back on the table.

🔹 I'm monitoring the 215-220 band as an accumulating zone. My Gate account offers direct stock purchases with USDT, CFD and Perpetual options for those seeking leverage, and Stock Token options for on-chain tracking, all on one screen. The plan is simple: momentum long on a close above 220, expand your position on a high-volume breakout above 226, and reduce risk on a daily close below 215. KYC is complete, application is updated to 8.21.5, trade ready.

🔹 Analysts are leaning towards a Strong Buy, with an average target around $299, and a higher estimate extending to $500. The forward P/E ratio is 25.6, below the five-year average of 36.1, and the price-to-sell ratio is also below the historical average. This picture supports the growth story.

The chip king is back on stage, the curtain is rising. Friends, do you think we'll see a new peak above 236 for NVDA this summer, or will it take a breather first? What are your thoughts?
⚠️ Not financial advice
$NVDA ‌ ‌