NVidia May Add Up to 25% in the Next 12 Months
NVidia (NVDA) stocks added 142% to $1200 in 2024, a phenomenal rally considering that it may continue further. NVDA stock were split 1:10 this Monday offering existing shareholders 10 shares for 1. The price of NVidia share automatically reduced to $120. A split does make sense as stock prices usually climbed by another 25% after the split event, as more retail investors could afford buying the stock. This is an opportunity for NVDA to rise towards $150 per share.
I am planning to open long trade at current prices at $120-122. I sees the uptrend in NVDA as strong. A stop-loss could be set at $91.
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