From Coinpedia · By Anjali Belgaumkar
Nvidia (NVDA) was up nearly 2% in premarket trading on October 9, at $234.27, after three straight losing sessions. The stock hit a record $243 intraday on October 6, then slid almost 3% on Thursday to $230.48 as the wider market weakened. Dip buyers stepped in as TSMC reported record revenue and Cantor Fitzgerald said Micron’s HBM supply and pricing outlook was intact, which lifted Micron and SK Hynix. Nvidia trades at about 29 times forward earnings. Traders are watching $240 as resistance, with a close above the $243.37 record on heavy volume needed to confirm a fresh rally. Support sits at $230, then $220 to $221.39.
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