With a potential Fed hike coming tech stocks could rise further as the Nasdaq has seen further gains recently.
Nvidia seasonals are extremely strong. Over the last 10 years, Nvidia has risen a total of 10 times in 10 years between July 14 and September 07 with an average return of +7.81%. The largest gain was in 2016 with a 16.85% gain.
Major Trade Risks: US equities are very highly valued right now and at some point a correction is due, so investors need to be aware of a potential correction.
Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets.