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…

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