PANews|Oct 06, 2026 08:03
[Analyst: NVIDIA's New High May Drive Breakthrough Trends in AI-Related ETFs]
Crypto analyst Ali posted on the X platform, stating that NVIDIA (NVDA) stock reached a historic high of $237.88 on October 2, marking a nearly 14% increase since September 14. It is currently testing the resistance at the upper channel and is expected to further rise to the target price of $260. As the AI sector regains market attention, it may drive breakthrough trends in AI-related ETFs. Among them, the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which aims to achieve three times the daily performance of the semiconductor index, has recently shown signs of a breakout. If the support level near $150 can hold, the next upward target may focus on $210.
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