Nvdia stock price forecast technical charts in the nvdia stock

Technical charts in the nvdia stock price forecast show strong support at $1,050 and a breakout potential if volumes spike above the $1,090 resistance line. Jabil delivers end-to-end rack-scale computing solutions (which involve integrating different types of hardware using server racks to tackle specific workloads) for AI servers. It introduced purpose-built AI servers suited for integrating chips from the likes of AMD , Intel , and Nvidia . The company is seeing the benefits of the fast-growing AI server market already, as its AI revenue jumped 80% in the previous fiscal year to $9 billion. That was much faster than the company's annual revenue growth of just 3% to $29.8 billion. Of course, these figures are just examples of one possible scenario, but it isn't far-fetched considering Nvidia's strength so far, commitment to innovation, and the phases of AI growth yet to come. And all of this supports my prediction that Nvidia stock could reach beyond $400 in 2030 as the next era of AI growth heats up. Consensus nvdia stock price forecast sees 2024 revenue breaking $120B, marking unprecedented scale in semiconductor history.