Following NVDA's earnings after hours, it seems everyone has their eyes on the $1,070 mark, suggesting a potential 11% upside. However, it's worth noting that sometimes good news can have negative repercussions, and vice versa. For instance, despite Taiwan Semiconductor Manufacturing Co. (TSM) reporting strong earnings, its stock still plummeted by 10%. TSM manufactures chips for numerous companies, including NVDA. Additionally, the chart is showing a triple top pattern, which is considered quite precarious. It's more probable that NVDA might decline to $883 before experiencing a significant surge.
Following NVDA's earnings after hours, it seems everyone has their eyes on the $1,070 mark, suggesting a potential 11% upside. However, it's worth noting that sometimes good news can have negative repercussions, and vice versa. For instance, despite Taiwan Semiconductor Manufacturing Co. (TSM) reporting strong earnings, its stock still plummeted by 10%. TSM manufactures chips for numerous companies, including NVDA. Additionally, the chart is showing a triple top pattern, which is considered quite precarious. It's more probable that NVDA might decline to $883 before experiencing a significant surge.