Will Nvidia Corporation Stock Rebound Going Into GDC 2017 Event?

Final Thoughts

Technicals suggest NVDA stock is still in the oversold territory so a likely rebound is around the corner. NVIDIA's growth story remains intact if you go by management commentary at least. NVDA stock may be headed lower over the short-term given the negative commentary about NVDA stock. But the GeForce GTX 1080 Ti launch could reverse the trend. A rebound may not be ruled out if NVIDIA comes out all guns blazing at the GDC 2017 event. GeForce GTX 1080 Ti offers a lot of promise to all the NVIDIA gaming enthusiasts who would be expecting another star performer from the graphic card maker.

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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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