NVDA Long Term Chart

NVDA Earnings - 5WaveModel Long-Term Count

Arguably the most anticipated event of this trading week will be the NVDA earnings, scheduled for Wednesday after close. The historic run in this stock has been well documented over the past year and a half, with the AI frenzy fueling an incredible run over that period. In October 2022 NVDA traded as low as $108.13, and recently traded as high as $746.11. Nearly a seven-fold increase in less than 16 months.

This kind of run has not been unprecedented for NVDA. This run was preceded by an eleven-fold increase from January 2019 to November 2021 when NVDA went from $31.11 to $346.47.

In this post I will outline my long-term count for NVDA. This chart begins with the inception of NVDA and brings us to the current outlook.