Peter Smith
Nvidia (NVDA) keeps grabbing headlines with another solid overnight session, climbing more than 3% to hit $189.08. The move shows that investors remain bullish on the company's future as demand for AI chips continues to accelerate across industries.
Chart Analysis: Strong Uptrend Maintained
The AI Investor highlighted that Nvidia trader activity remains intense, with the chart showing a clear upward path through the last session.
Share prices held steady buying momentum, closing near session highs with limited pullback.
Key observations:
- Support Zone: Near-term support sits around $182–184, where buyers have stepped in during recent dips
- Resistance Level: The next major hurdle appears at $195, which could either trigger profit-taking or spark another leg higher
- Momentum: The price trajectory suggests genuine demand rather than short-term speculation
What's fueling this rally? Nvidia's GPUs remain essential for generative AI and advanced computing, making the stock a core holding for anyone betting on the AI revolution. Investor sentiment stays positive, with the company drawing massive trading volume globally. Meanwhile, a more stable macro backdrop - including calmer interest rate expectations and improved tech sector appetite - is lifting high-growth names like Nvidia.
Looking Ahead
Sure, AMD and Intel are ramping up their own AI chip efforts, but Nvidia's lead through its CUDA platform and cutting-edge hardware keeps it several steps ahead. Traders are now eyeing upcoming earnings and product announcements as potential triggers for the next move higher.
Peter Smith
