Critical Price Levels to Keep an Eye On
Key Takeaways
- Nvidia shares lost ground Thursday morning even as the AI chipmaker and investor favorite reported revenue and profit that topped analysts’ estimates.
- After registering a fresh all-time high earlier this month, the stock has traded mostly sideways, indicating apprehension among market participants ahead of the chipmaker’s quarterly results.
- Investors should watch key support levels on Nvidia’s chart around $174, $159 and $150, while also eyeing an important overhead area near $183.
Nvidia (NVDA) shares lost ground Thursday morning even as the AI chipmaker and investor favorite reported revenue and profit that topped analysts’ estimates.
While the results, released late Wednesday, broadly came in slightly better than…
