I Bought Nvidia – Because a “Biblical” Rally Is Coming

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On September 25, JR issued a $200 price target on Nvidia (NVDA). And while the stock has stumbled since earnings, he is still bullish, expecting the stock to rally in “Biblical Fashion.”

According to JR, every technical indicator is lining up in bullish fashion.

So he expects the stock to resolve much higher — and fast… precisely when everyone seems to have turned cautious on the stock.

That's why he said $132 was the time to buy.

Of course, only time will tell if Nvidia hits his $200 target price.

By the way, did you know that Nvidia is now the second best performing stock in the QQQ ETF this year? It's far behind Applovin (APP).

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