NVIDIA (NASDAQ: $NVDA) Poses Positive Outlook

Key Takeaway
Nvidia, the world’s most valuable chipmaker, has become one of the most prolific investors in artificial intelligence start-ups this year, seeking to capitalise on its position as the dominant provider of AI processors.

Silicon Valley-based Nvidia said it had invested in “more than two dozen” companies this year, from big new AI platforms valued in the billions of dollars to smaller start-ups applying AI to industries such as healthcare or energy.

According to estimates by Dealroom, which tracks venture capital investments, Nvidia participated in 35 deals in 2023, almost six times more than last year.

Technical Analysis
NVIDIA shows strong development within a rising trend channel in the medium long term. This indicate that the company experiences positive development and that buy interest among investors is increasing.

NVDA has given a positive signal from the rectangle formation by a break up through the resistance at $468. Further rise to $542 or more is signaled.
NVDA has marginally broken up through resistance at $494. An established break predicts a further rise.