Nvidia (NVDA): Is $175 Next After Its Record-Breaking Q1 Earnings?
The US stock market has been anything but consistent in the first five months of the year. There has been no shortage of geopolitical tensions that make its performance increasingly concerning. Yet, Nvidia (NVDA) may be set to break out of the stagnation as $175 could be in play following its record-breaking Q1 earnings report. The company dominated 2024, outperforming all of Wall Street. Jumping more than 174% in that time, it emerged as the most prominent company of a surging tech sector. However, that has yet to be the case this year, with increased market concerns leading to prolonged sell-offs. However, that may be set to change as the company continues to be dominant financially. Source: Politico Also Read: Nvidia Announces New Partnership to Build AI Factories in Saudi Arabia Nvidia Poised for $175? Why Q1 Earnings Could Propel The Stock The US stock market’s string of inconsistencies has only continued this week. After a slightly rebounded week to end May, June has seen pr...