Nvidia (NVDA) Would you look at that?! It's no leg […]
Caitlin Clark of the Stock Market
April 12, 2024
If you were a betting person, you'd probably feel pretty good about placing a bet on Iowa basketball phenom Caitlin Clark.
We feel the same about NVDA.
NVDA closed at a high of $950 in March but has since pulled back and appears to be forming a new base.
So -- what does LikeFolio data say? Room for upside from here?
Absolutely.
These 3 charts show why we are so confident:
- Mention buzz continues to rise, up +17% YoY.
- NDVA sentiment levels have steadily marched higher even as volume has doubled. This is rare to see -- typically as volume increases, so does criticism.
- Web visits confirm outperformance vs. peers and continued interest from consumers.
Nvidia is also benefitting from nearly every major macro trend on our radar right now: AI, autonomous driving, crypto interest, etc.
We certainly aren't betting against it.