Will Nvidia reach 110$ y end of week

Nvidia is unlikely to reach $110 by the end of the week. Here's the analysis to support this conclusion:

1. Recent Stock Performance: Nvidia's stock experienced a fluctuation of 7.12% on the most recent trading day, with a daily low of $100.55 and a daily high of $107.71. This volatility suggests that while the stock has been on an upward trend, it is also prone to significant short-term fluctuations.
2. Technical Indicators: The stock's RSI indicates it is neither overbought nor oversold, with values ranging from 25 to 75. This suggests that the stock is not at a level where it is likely to experience a rapid increase.
3. Upcoming Earnings Report: Nvidia is scheduled to report quarterly results on August 28, 2024. While past performance has been strong, the stock is often volatile during earnings season. Historically, Nvidia's stock has experienced significant swings during this time, which could make it difficult for the stock to reach a specific price target by a specific date.
4. Market Expectations: The consensus analyst estimate calls for Nvidia's revenue to come in slightly higher than management's guidance, at $28.49 billion. However, meeting these expectations may not be enough to sustain a price increase to $110 by the end of the week.
5. Long-Term Outlook: Nvidia's data center business remains strong, and the company is innovating rapidly in the AI chip market. However, the company faces increasing competition and the cyclical nature of the chip industry means that growth is not guaranteed.
6. Dividend and Stock Split: Nvidia recently completed a 10-for-1 stock split. While stock splits can make shares more affordable and potentially increase liquidity, they do not change the underlying value of the stock. Therefore, the split does not directly impact the likelihood of reaching a specific price target by a specific date.

In conclusion, while Nvidia has strong growth drivers and a positive long-term outlook, the volatility associated with earnings season, the current technical indicators, and the competitive landscape suggest that it is unlikely for the stock to reach $110 by the end of the week.