NVIDIA (NVDA)

Jul 23, 2021Trade Ideas

Just yesterday, we highlighted an opportunity in Facebook (FB), which opened at $346.58 and ran to $351.19. This morning, Facebook is up another $10 in pre-market to $361.20, and could push even higher, near-term.

As for a new idea, take a look at NVIDIA (NVDA).

After splitting 4:1, the stock is starting to pivot higher from support at $180.

From here, we’d like to see a test of $210. Citigroup just raised its price target on NVDA to $223, viewing “any crypto-driven gaming pullback in the second half of 2021 as a buying opportunity into 5nm Ampere Next product cycle in 2022 and Grace CPU in early 2023,” as quoted by Benzinga.


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