Why NVDA could soar until 2025

NVIDIA Corporation (NASDAQ: NVDA) has faced turbulence since its third quarter guidance fell short of lofty market expectations. Despite the initial disappointment, Jefferies analysts remain optimistic, highlighting strong demand for NVIDIA chips as a key driver of long-term growth.

In its third-quarter earnings report on Nov. 20, NVIDIA beat expectations for both revenue and earnings, but offered slightly above consensus guidance for the fourth quarter, leaving some investors disappointed. However, Jefferies believes the market is underestimating strong demand for NVIDIA, positioning the stock favorably for significant growth through 2025 and beyond.

Key catalysts include the anticipated launch of NVIDIA's Blackwell chips, which are expected to see demand far outpacing supply for several quarters after launch. Additionally, the Hopper architecture remains in high demand and is likely to drive sales well into the first half of 2025. At the recent SC24 SuperCompute conference, Jefferies noted that only a few leading and ODM customers would be able to secure NVIDIA products, making which underlines the limited supply amidst the red. -hot demand.

With continued tailwinds coming from ai-driven computing needs and data center expansion, NVIDIA remains a leader in the semiconductor space. Investors can view short-term price fluctuations as opportunities as the company's long-term growth narrative appears solidly intact.

NVIDIA Stock Chart Analysis

NVDA/USD 15-minute chart

This chart shows the performance of 15-minute candlesticks for NVIDIA Corporation (NVDA) stock. The chart reveals a period of mixed volatility with an overall consolidation pattern near the $141 to $142 price range. The price opened near $141.59 and showed minor bullish momentum with a daily gain of 0.20%.

price action: There was a notable intraday high to $142.12 before retreating to a low of $140.70. The stock has been trading in a tight range recently, indicating reduced volatility towards the latter part of the session.
Resistance and support: Resistance appears at $142, as seen by the rejection at that level. Support is forming near $140.70, which has held up well during recent downturns.
RSI indicator: The RSI at 42.11 suggests the stock is approaching oversold territory but has not yet reached extreme levels. This indicates the potential for a reversal if buying pressure increases.

NVDA appears to be consolidating, with neither buyers nor sellers taking a strong hold. A break above $142 could signal bullish momentum, while a break below $140.70 could trigger a further decline. Traders should monitor the volume and technical indicators to get clearer signals.

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