- Summary:
- NVIDIA stock tests the $140 level amid AI-driven momentum. Will it hold or slip? what’s next for NVDA shares.
NVIDIA’s (NASDAQ: NVDA) share price has been riding high, driven by strong AI demand and a whopping $3.5 trillion market cap. However, after a 2.81% drop today, the stock is testing a crucial level at $139.56. Can it hold up, or is it time for traders to brace for more volatility?
AI Growth Continues to Propel NVIDIA
NVIDIA’s chips are fueling AI advancements everywhere—from research labs to self-driving cars. Recent news of fully booked orders for its Blackwell GPUs has pushed the stock upward, keeping bulls hopeful. But with potential export curbs looming, caution may be wise.
Technical Chart Analysis
- Current Price: $139.56, down 2.81%.
- Resistance: First at $140.81, followed by $146.
- Support: Initial at $136.15, deeper at $130.03.
- RSI: Sits at 62.82, still bullish but nearing overbought.
Outlook
Short-term traders need to watch the $140 level closely. If NVIDIA breaks above it, more gains could follow. Long-term, the AI story remains intact, though surprises could pop up along the way. With AI demand soaring, NVIDIA’s stock could still have room to run.