Analyst sets Nvidia (NVDA) stock price target that will confirm next rally

Nvidia’s (NASDAQ: NVDA) share price has dropped significantly in recent weeks, but there remains considerable optimism that the chipmaker might recover soon. Analysts like CyclesFan support this sentiment, believing that Nvidia might rally after clearing key resistance positions. However, the stock has seen a drop of 28% from its June highs, raising questions about its near-term trajectory.In an X post on August 4, the analyst stated that Nvidia experienced a notable drawdown in its stock price, which botto ...