Nvidia’s stock is popping
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NVIDIA shares jump
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Nvidia has come to symbolize the rise of AI, briefly reclaimed its position as the world’s most valuable company on Thursday, May 23, 2025.
Right now, NVIDIA’s 50-day moving average is trending sideways, a clear sign that short-term momentum has stalled. The longer-term 200-day moving average is also running flat, reinforcing the idea that the stock is struggling to find its technical footing.
NVIDIA Corporation (NASDAQ:NVDA) is usually the last of the big tech companies to report its quarterly results, and it followed that pattern again this time. The numbers released after yesterday’s session were positive,
Technical analysis involves chart patterns, trends and momentum indicators. Nvidia's stock has been riding an uptrend, with strong support levels around $116 and resistance near the $136 mark.
The tech giant’s shares have found their way again as doubts about Big Tech spending subside, trade tensions with China ease, and new chip buyers emerge.
Nvidia (NVDA, Financials) shares are in focus ahead of its quarterly earnings report due after the market closes on Wednesday, with investors closely watching chart levels for trading cues. Warning! GuruFocus has detected 3 Warning Signs with NVDA.
This "Magnificent" stock that all four prominent billionaires have as their top holding has surged 1,570% since its initial public offering.