Late last week, we noted, “Nvidia (SYM: NVDA) is looking interesting again. After plummeting from about $130 to $106.21, the tech giant has become technically oversold. It’s also over-extended on RSI, MACD and Williams’ %R.”
At the time, NVDA traded at about $106. Today, it’s back to $119 and could soon retest its prior high of $130 shortly.
Helping, company CEO Jensen Huang said:
“Our company works with every AI company in the world today. We’re working with every single datacenter in the world today. I don’t know one data center, one cloud service provider, one computer maker we’re not working with…we have a lot of people on our shoulders, and everybody’s counting on us,” as quoted by CNBC.
“Demand is so great that delivery of our components and our technology and software is really emotional for people,” Huang added.
