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NVIDA chart
"NVIDA chart "
in the news NVIDA chart ? What this all about..... See below.
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Sentiment Trader sees the NVIDA chart....
also we think with the rise of cryptocurrency mining market is strong for Nvidia and AMD we think cryptocurrency mining will be a viable growth market longer term for Nvidia and AMD. That is the secret play here.
Nvidia's stock is up nearly 180 percent in the past 12 months through midday Monday compared with the S&P 500's 17 percent gain. That performance ranks No. 1 in the entire S&P 500, according to FactSet.
AMD shares are up 112 percent in the same time period, a return that ranks No. 2 in the benchmark index.
This is quite interesting The NVDIA is near the highs in a wedge formation!! but the chart is looking strong!.
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We actually believe that the technology they are based on, called Blockchain, which supports secure accounting of distributed ledgers, has applications in financial services beyond cryptocurrencies. We expect demand for Blockchain GPUs (including for cryptocurrencies) to continue to grow and become an important driver for GPU growth, even if with some degree of volatility.
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