Expert draws Nvidia's (NVDA) path to $240

Although Nvidia’s (NASDAQ: NVDA) share price is showing weakness in tandem with the general technology sector, a trading expert has pointed out that the equity, based on its technical setup, is flashing promising growth potential.As of the last day of October, Nvidia closed at $132.76, plunging almost 5% in a single day. These losses came after NVDA recently hit an all-time high near the $145 mark. Notably, the chipmaker’s venture into artificial intelligence has led NVDA to record 175% growth in 2024. The ...