Saad Ullah
Nvidia has been the undisputed champion of 2025's tech rally, but even champions need to catch their breath. After surging toward $180, NVDA is now consolidating around $170 - and that might be exactly what bulls want to see. This pause could be setting up the next explosive move higher, potentially pushing the stock past the psychological $200 barrier that has traders buzzing.
Technical Setup Points to Continuation
According to StockWhale, NVDA is pulling back into a crucial support zone that could determine its next big move. Trading near $170.76, the stock is holding above key moving averages while maintaining its bullish structure. The Elliott Wave pattern suggests this correction is just a pit stop in a much larger upward journey.
The support zone sits comfortably in the $160-165 range, where multiple moving averages cluster together like a safety net. The real test comes at $180 resistance - break that level decisively, and momentum could carry NVDA straight to $200 and beyond. But here's the catch: if the stock drops below $125, all bets are off and the bullish narrative crumbles.
What's really encouraging is how this looks like a textbook healthy pullback within an established uptrend. These setups often precede the strongest continuation moves, and NVDA seems to be following the script perfectly.
The Fundamentals Still Shine
Behind all the chart patterns and technical levels, Nvidia's business fundamentals remain rock-solid. The company's stranglehold on AI chip demand isn't loosening anytime soon, with data centers continuing to gobble up GPUs at unprecedented rates. Recent earnings showed exactly what investors wanted - robust revenue growth driven by hyperscaler customers who can't get enough of Nvidia's hardware.
The broader tech landscape is also playing in NVDA's favor. The Nasdaq keeps showing resilience, and semiconductor stocks are riding that wave of sustained investor interest. When the sector's hot, Nvidia tends to lead the charge.
Saad Ullah
