Nvidia: A Golden Buying Opportunity Before Earnings (NASDAQ:NVDA)
1. September 2024 NVDA buy recommendation delivered a 20% share gain. 2. Note underscores strong momentum, validating a prior bullish call.
FAQ
Why Very Bullish?
The article reports a solid 20% gain since the recommendation, reinforcing NVDA’s bullish momentum. Historically, similar positive analyst recommendations have spurred rapid short-term rallies.
How important is it?
A proven recommendation that yielded a notable gain boosts confidence, though the effect may already be priced in. The update serves as a strong signal for momentum traders.
Why Short Term?
This update drives immediate investor sentiment and potential near-term buying, as seen in prior momentum plays following analyst upgrades.