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Why Nvidia’s Historic 2024 Run Isn’t Over Yet — One Profit Target Left to Hit Hey, Graham Lindman here… If you’ve been around for a while, then you may know that I held a class back in early August called “The Mother of All Pullbacks.” The pullback of course was in Nvidia (NVDA), which had fallen nearly 30% in a matter of weeks. Everyone was panicking, but if you were paying attention, I said it was just setting up for a monster comeback. And now, with shares just shy of $150, it’s already hit two of my three profit targets I set. Not only that, but Nvidia just joined the Dow last week (about time, right?), and its first earnings report as an official blue-chip member drops Tuesday. Wall Street's projecting $33.07 billion in revenue — an 82% jump year over year. But after watching NVDA triple in 2024... I think people are still underestimating what's coming. Here's why... Last quarter, NVDA didn't just beat expectations — it crushed them with 122% revenue growth. AI chip demand is through the roof, especially with Nvidia’s new Blackwell GPUs rolling out. And now its guiding for $32.5B in sales... which feels suspiciously conservative given the track record. Remember how NVDA ran 239% in 2023? Its earnings reports were the major catalyst. And next week's report? It's the company’s first as a Dow stock. Back to my three profit targets from my August class… There’s only one more target left to hit, and I’m going to update my projection for NVDA’s earnings report next week live at 2:30 p.m. ET today, so be sure and check that out for the next BIG Nvidia opportunity! The Next BIG NVDA Opportunity Is HERE! Nvidia reports its first earnings as a Dow member next Tuesday... And Graham Lindman’s going at 2:30 p.m. ET today, Nov. 14, to break down his complete trading game plan. Let’s put this in perspective... NVDA has already tripled in 2024, driven by insane demand for its AI chips. Last quarter, the company posted 122% revenue growth — catching Wall Street completely off guard. Now they're projecting $32.5B in sales for Tuesday's report… Sounds huge, right? But here's what's fascinating... Nvidia’s new Blackwell GPUs are hitting the market, AI demand is higher than ever, and it just joined the Dow, like I mentioned above. Yet this sales projection is barely above last quarter's $30.04B. Either Nvidia’s being extremely conservative... or they know something we don't… Either way, there's a major opportunity here. Graham Lindman Graham Lindman Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+abM5RWRJKrpkNWI5 Also check out my website at: https://grahamlindman.com/! *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit thetradingpub.com/terms-of-service/ for our full Terms and Conditions. |
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