Keep an eye on Nvidia (NVDA).

After consolidating at around $135, the tech giant is starting to break higher. Last trading at $144.47, we’d like to see an initial retest of $152.88. From there, we’re looking for a test of $160. Helping, analysts at Bank of America reiterated a buy rating on the stock with a price target of $190 a share ahead of the tech company’s keynote presentation at the Consumer Electronics Show (CES), which starts today.

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“While the big themes have already been mentioned in the media ahead of the event, we still see CES as a positive catalyst, re-asserting NVDA’s platform dominance/opportunity in high-growth markets,” said the firm, as quoted by TipRanks.com.

Sincerely,

Ian Cooper