Nvidia's $4T Countdown: Will Next Week's Chart Print A Trillion-Dollar Breakout?

Core Viewpoint - Nvidia is on the verge of reaching a historic $4 trillion market cap, with its stock closing at $159.34, just 3% shy of the milestone, and if it hits $164, it will become the first chipmaker to achieve this valuation [1] Group 1: Market Performance - Nvidia's stock has shown strong momentum, recovering from previous tariff concerns related to AI chip restrictions in China, and is now experiencing significant demand for its products [2] - The company is expanding its partnerships with European AI developers, which may help offset pressures from declining sales in China [2] Group 2: Competitive Landscape - Despite competition from companies like Microsoft and Alphabet, Nvidia's market dominance remains unchallenged, with no significant impact from rival custom AI chip developments [3] - Nvidia's valuation is considered reasonable, trading at a forward earnings ratio of 36.63, which is competitive compared to Advanced Micro Devices (AMD) and Broadcom (AVGO) [3][4] Group 3: Trading Strategy - Investors are advised to accumulate Nvidia shares on dips below $158, with a breakout target above $164 aiming for $170 or more in the short term [5][7] - Risk management strategies suggest placing stop-loss orders near $152 and reassessing based on new developments related to China [7]