TREE NEWS reports: Nvidia (NVDA) closed at a record $237.88 on October 2 and has gained nearly 14% since September 14, crypto analyst Ali said on X, noting the stock is testing the upper channel resistance with a $260 target. Renewed interest in AI could drive a breakout in AI-linked ETFs, he added, pointing to the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which targets three times the daily performance of a semiconductor index; if support near $150 holds, the next upside target is $210.
Nvidia Hits Record $237.88; Analyst Sees AI ETF Breakout Ahead
The read-through here is sentiment, not fundamentals: a record close plus a technical breakout call is being used to argue that AI-linked exposure broadly — including leveraged products like SOXL — could follow. That matters because it shows how crypto-adjacent analysts now frame AI equities as the momentum trade, blurring the line between tech and digital-asset narratives. The open question is whether SOXL's support near $150 holds; leveraged ETFs amplify both directions, so a failed hold would undercut the breakout thesis quickly.
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