This week, Wall Street will focus on Nvidia’s quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery.
In addition to a 6% gain last week, the chipmaker’s shares are up 6.66% so far on Monday ahead of Nvidia’s quarterly report on Wednesday.
NVDA stock just broke out of a local bullish flag. Traders expect it reaches $500 in the short term.
The technical target of the pattern is just below $600!