NVDA Be Able To Break the $1,000 Barrier?
After hitting record highs of $974 at the beginning of March, Nvidia stock (NASDAQ: NVDA) took a nosedive. However, after forming a bottom around $841, the shares of the chip-making giant are poised to take another shot at the major psychological level of $1,000. This level is crucial in every stock’s life cycle, as a clear breakout above this level results in a strong, bullish continuation.
The recent FOMC statement propelled Wall Street indices to their record highs. The S&P 500 index, NASDAQ 100 index,…