Watch These Nvidia Stock Price Levels as AI Chip Giant Hits $4 Trillion Market Value
Key Takeaways
- Nvidia shares hit a record high Wednesday as the AI investor favorite became the first company ever to reach a market capitalization of $4 trillion.
- Since forming a bullish engulfing pattern in early April, Nvidia shares have trended sharply higher, with the price climbing back above the 50-week moving average in May on its way back to record levels.
- Bars pattern analysis forecasts an upside target of around $300 and indicates the trend higher may last until late December this year.
- Investors should watch key support levels on Nvidia’s chart near $130 and $97.
Nvidia (NVDA) shares hit a record high Wednesday as the AI investor favorite became the first company ever to reach a market capitalization of $4 trillion.
Nvidia…
