Why Nvidia Corporation Stock Looks Poised For A Rebound

Shares of NVIDIA Corporation look set to resume their uptrend. Here's why NVDA stock may be in for a rebound. 

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Shares of Santa Clara, California-based NVIDIA Corporation (Nasdaq:NVDA) may soon end their brief sojourn below $100 a share, heading higher in the near term. While rumors suggest that the leading GPU maker could be close to launching its much awaited GTX 1080 Ti graphics card, the stock also looks poised to rebound, based on a few popular technical indicators. NVDA stock is still down by more than 11% since announcing its stellar earnings numbers earlier this month. And buzz around an upcoming launch may be just the kind of trigger the stock needs to resume its march higher.

Will NVIDIA unveil its GTX 1080 Ti later this month?

Rumors suggest that NVIDIA could launch its much awaited GTX 1080 Ti as early as next month. Digital Trends, a popular tech focused website opines that NVIDIA is most likely to launch the GTX 1080 Ti at its GeForce GTX Gaming Celebration event during the Game Developers Conference (GDC), which is scheduled to take place at the end of this month. The GTX 1080 Ti is expected to sit between the GTX 1080 and Nvidia's top of the line Titan X, both in terms of performance and price. Quoting Kevin Parrish of Digital Trends:

"So far, the pricing of the GTX 1080 TI is unknown, but the base price will likely be around $900 given the GTX 1080 has a base price of $600 and the meatier Titan X runs at a hefty $1,200."

As for the specifications, do note that no specs have been explicitly confirmed by NVIDIA so far. However, speculation has it that:

"As the specs show, the GTX 1080 Ti will seemingly be a scaled down version of the Titan X, relying on the same graphics chip but with fewer cores. The GTX 1080 Ti will also have the Titan X’s memory bus, bandwidth, and maximum power draw. However, the on-board GDDR5X memory will max out at 10GB, sitting rather nicely between the GTX 1080’s 8GB and the Titan X’s 12GB."

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Disclosure: Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a ...

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