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NVIDIA: The Money Flow Picture Many Investors Missed in 2023 - Yahoo Finance

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NVIDIA Shares are a Big Money Favorite

Want an edge in investing? Follow the Big Money.

Volumes precede price. And when it comes to top-ranking stocks, institutional investors can send stocks soaring.

Fund managers are always on the lookout for the next outlier stocks…the best in class. They spend countless hours sizing up industries, reading reports, speaking to analysts…and more. When they find a company firing on all cylinders, they pounce in a big way.

The 1-year action tells the story. Each green bar signals unusual increasing volumes in NVDA shares, pushing the stock higher. The evidence points to healthy institutional demand:

Source: www.mapsignals.com
Source: www.mapsignals.com

Few stocks have charts this strong. Overwhelming green bars suggest healthy demand. Now, let’s check the fundamental story.

NVIDIA Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, NVDA has had positive sales & earnings growth in recent years:

Source: FactSet

Now it makes sense why the stock has been powering higher. NVDA is an earnings powerhouse.

Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.

Check this out. NVIDIA has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report many times. The blue bars below shows when NVDA was a top pick:

Source: www.mapsignals.com
Source: www.mapsignals.com

Tracking unusual volumes reveals the power of the MAPsignals process.

Don’t fight the Big Money!

NVIDIA Price Prediction

The NVDA rally began years ago. Recent Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in NVDA at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire

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