Will nvdia stock rise upcoming week?

Nvidia's stock is likely to experience a rise in the upcoming week, based on the following points:

1. Positive Price Target Adjustments: Both Truist and Cantor Fitzgerald have raised their price targets for Nvidia, with Truist setting a target of $140 per share and Cantor even higher at $175. These revisions suggest that analysts see room for growth in the stock.
2. Market Position and Innovation: Nvidia has become the most valuable publicly traded company and is at the forefront of the AI craze. The company's strategic position in the growing AI market and its innovative products are key factors driving investor optimism.
3. Technical Indicators: The stock's technical indicators show a slight dip, with a -1.91% change in the stock price on the last day. However, the 5-day and 10-day moving averages are very close, indicating a potential upward movement. The KDJ indicator is at 53.48, which is considered a neutral position but could suggest a potential upward momentum if the stock breaks out of recent resistance levels.

4. Support and Resistance Levels: The current support level is at $125.68, and the resistance level is at $128.85. The stock is trading close to the resistance level, which could be a sign that it is about to break out and rise.

5. Market Sentiment: Despite recent volatility, analysts remain fixated on Nvidia, with reports indicating that the company is still the top choice for investing in the AI frenzy. This positive sentiment among analysts could contribute to a rise in the stock price.
6. Long-term Forecasts: Analysts have high expectations for Nvidia's stock price targets in 2025, with some forecasts suggesting significant growth. These long-term forecasts often reflect a more conservative view and can serve as a bullish signal for the stock's future performance.

In conclusion, while there is some short-term volatility, the positive price target adjustments, strategic market position, and long-term growth prospects suggest that Nvidia's stock is likely to rise in the upcoming week.