Loop Capital Raises Targets on NVIDIA.
 

NVIDIA shares rose again by more than 1.2% before the opening

 of trading on Wednesday, reaching a significant level of approximately $149.30, 

which is consistent with strong and important resistance areas at the same levels.

Loop Capital raised its target for NVIDIA from $175 to $250,

 citing the unexpectedly strong growth in artificial intelligence systems, 

which reflects investor optimism about the company.

Loop Capital expects NVIDIA to ship more than 6.5 million 

graphics processing units (GPUs) by 2025, and more than 7.5 million

 GPUs by 2026, reflecting the rapid growth of the company.

As for the stock's technical aspect:

The stock has risen and has already reached the important resistance areas

previously warned about, located at the 150.28 level.

Currently, there are more than one scenario:

The first scenario is a decline in the stock if any reversal signals appear.

A correction may occur, reaching the 141 and 132 levels.

The second scenario, which is more likely, is a breakout of the resistance areas.

This is due to strong news and strong buying momentum on the stock.

This will push the stock to continue rising

to the $160 level per share, as shown on the chart.

Provided the breakout occurs and a candle closes above the current levels.