Today's video focuses on recent news affecting Nvidia (NVDA -3.22%) and why its stock price increased over 10% on Nov. 11. Here are some highlights from the video. 

  1. Two analysts have recently increased their price target for Nvidia, causing bullish sentiment toward its stock price. On Nov. 4, an analyst from Wells Fargo increased its price target to $320 from $245, and on Oct. 25, Piper Sandler increased its price target to $260 from $225.
  2. Recent talks of big tech companies investing in a future metaverse have made investors excited for Nvidia. The increase in spending on data center and network components can benefit top-line numbers for Nvidia. Investors should remember that the metaverse is still far in the future.
  3. Nvidia is expected to report earnings on Nov. 17, after the market closes, for its quarter ended Oct. 31. Nvidia's stock price has gone up over 45% in the past month, and this has caused high volatility as its earnings get closer.

Click the video below for my full thoughts and analysis. 

*Stock prices used were the midday prices of Nov. 4, 2021. The video was published on Nov. 4, 2021.