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NVDA
Benzinga
9 mins

Nvidia Doubled Its Trillions In Months—And The Charts Are Screaming 'More'

1. Nvidia's market cap soared to $4.68 trillion from $2.3 trillion since April. 2. CEO Jensen Huang predicts a $500 billion annual AI infrastructure boom by 2030. 3. Cup-and-handle chart pattern suggests continuation of Nvidia's price rally. 4. Nvidia stock has risen 74% over the past six months. 5. Positive AI market dynamics may lead momentum traders to increase investments.

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FAQ

Why Very Bullish?

Nvidia's sustained growth and CEO's bullish forecast align with tech market recovery, similarly seen in past tech booms such as during the COVID-19 pandemic when demand for tech surged.

How important is it?

The article contains significant details on market trends and Nvidia's strong growth trajectory, influencing investor sentiment positively.

Why Long Term?

Investment in AI infrastructure is projected to grow significantly through 2030, implying sustained demand for Nvidia's products over several years.

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