Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Nvidia's stock is breaking out, Fairlead Strategies says

Source Investing

AI behemoth NVIDIA's (NASDAQ:NVDA) stock is breaking out and could be heading to its June high of around $141 per share, according to technical analyst Katie Stockton of Fairlead Strategies.

"Heavyweight Nvidia (NVDA) confirmed a triangle breakout yesterday, supporting near-term follow-through toward its June high (~$141)," Stockton said. "While the SPX and NDX have seen short-term momentum weaken, NVDA’s breakout is likely to prevent a major pullback in the major indices, which is part of the reason why we keep a short-term neutral bias for U.S. equities in today's Fairlead Tactics."

NVIDIA stock has been up six straight sessions, including today's fractional gain of 0.12%. The stock is up more than 170% year-to-date.

Analysts have been increasingly bullish on the company's Blackwell product, which the CEO Jensen Huang said is seeing "insane" demand.

"Blackwell is in full production, Blackwell is as planned, and demand for Blackwell is insane," Huang said on CNBC's last week. "Everyone wants the most, and everyone wants to be first."

Today, Taiwan Semiconductor Manufacturing (NYSE:TSM) reported that September sales beat estimates on solid AI chip demand. TSM said revenue for September 2024 was approximately NT$251.87 billion, an increase of 0.4 percent from August 2024 and an increase of 39.6 percent from September 2023. TSM makes NVIDIA's AI chip.

On Tuesday, analysts at Morgan Stanley (NYSE:MS) said Blackwell production revenue in 1Q25 may surpass Hopper. Blackwell chips command a price premium, with B200 chips priced 60-70% higher than H200, positioning Blackwell revenue to overtake Hopper in the upcoming quarter.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 19, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.

Author Mitrade

Yesterday 02: 11

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.

Gold retests $4,200 as dollar and yields retreat — can bullion clear its hardest level?Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.

Author Irene Q.

Yesterday 06: 25

Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.

Brent slips from $110 as Russian supply prospects return — is the five-month rally over?Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.

Author Irene Q.

Yesterday 06: 30

Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 20, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.

Author Mitrade

8 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

5 hours ago

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Popular Symbols