This Nvidia (NVDA) pattern is signaling $150 as next target

Nvidia Stock Technical Analysis - Nvidia stock is forming a bullish butterfly pattern on the weekly chart, indicating a potential price target between $150 and $154 [1] - The stock's technical indicators suggest a bullish reversal, with the D point calculated at $153.61, signaling a potential upward move [1] - Key resistance levels are at $127.67 and $136.15, with a potential target of $140 if the stock sustains gains above $125.02 [3] - Nvidia is trading above both its 50-day and 200-day simple moving averages (SMA), reinforcing short-term and long-term bullish sentiment [6] Nvidia Stock Price Performance - Nvidia stock gained 1.6% in the last 24 hours, trading at $126 at the time of reporting [5] - On the weekly chart, Nvidia is up over 5% [5] Nvidia's AI and Chip Development - Nvidia's CEO unveiled the company's AI plan, aiming for annual advancements similar to the leap from Hopper to Blackwell microchip infrastructure [4] - The upcoming Blackwell GPUs are expected to boost investor confidence, with intense demand already reported [4] - Revenue from Blackwell could potentially push Nvidia's share price to $800 by 2030, with revenue reaching $600 billion by the same year [4] Microsoft Stock Risks - Regulatory challenges, increased competition in AI and cloud computing, economic downturns, and operational hurdles could drive Microsoft's stock down by 10-20%, potentially dropping to $370-$415 [2]