Usman Salis
Nvidia (NVDA) has pushed into record territory once again, breaking key resistance levels and cementing its status as the world's largest company by market cap. The move reflects strong investor confidence in the ongoing AI boom and the stock's powerful upward momentum.
Nvidia Pushes Higher
Trader Don't follow Shardi highlighted how Nvidia's stock surged past fresh highs, brushing aside skepticism from doubters.
While some traders joked that the rally is "not bullish at all," the price action tells a different story. The stock remains locked in a powerful uptrend, supported by solid technical signals and sustained buying pressure.
Chart Analysis: Breakout Above Resistance
The 15-minute chart reveals several important signals that confirm the bullish setup:
- Support zones: Buyers stepped in to defend $183.95 and $185.93, creating a solid foundation for the rally
- Resistance levels: The price pushed through the $187.32–$187.87 range after multiple retests
- Volume profile: The breakout came with higher trading volume, suggesting institutional money is backing the move
- Next levels: With momentum intact, NVDA looks poised to test $189+, while previous resistance has flipped into support
This clean breakout structure adds weight to the bullish case and suggests more upside could be ahead.
Why Nvidia Keeps Climbing
Investor enthusiasm keeps building around Nvidia's commanding position in the AI hardware space. Demand for GPUs that power artificial intelligence, cloud infrastructure, and high-performance computing has fueled relentless buying. Analysts have consistently raised their price targets, pointing to the company's unmatched edge in the AI race and its ability to capitalize on one of the biggest tech shifts in decades.
What's Next for NVDA
Nvidia's breakout to new highs isn't just hype - it's backed by strong technical signals and fundamental tailwinds. As long as the stock holds its key support levels, momentum favors more upside ahead. For traders and investors watching the market, NVDA remains the flagship stock of the AI era and a barometer for tech sentiment overall.
Usman Salis
