Nvidia: Upside Outlook Amid Low Expectations

The Odok expert analyzed that Nvidia is likely to behave differently from the past six quarters and rise. Because market expectations were already low and the share price had pulled back, he explained that a rise is more likely than a fall. He stressed that the forecast of 70% revenue growth next year would act as the main driver of gains.

He added, however, that falling oil prices and Treasury yields are essential for the rally to gain more momentum.

The crypto market is currently moving sideways near the top of an ascending triangle. The range is assessed as more likely to rally again than to fall, and a strategy of buying in 4 to 5 installments was recommended to ease psychological pressure. Splitting purchases is seen as a way to withstand price volatility and position for a breakout into profit territory.

The semiconductor ETF SOXX is considered reasonable to buy in the current range, with an expected rise to 550–570. Since QQQ could climb to 730, he analyzed that SOXX could gain roughly 4% to 7% more after Nvidia's earnings release. He left room for a possible rise to 600 and saw 10–20% of additional upside.

The reasoning is that low earnings expectations are already reflected in the price, so a gap-up is expected after the release.

Even if it falls from here, the decline is not expected to be large, so he judged it a reasonable place to start entering now. If earnings disappoint, he said to prepare for a drop to $320, and noted that sideways trading before earnings is also possible.

Options data also shows strong bullish bets, so the current trend is more likely to continue higher. He mentioned that if the stock rises after its earnings announcement, it could climb quickly to $230 and up to $250.