Nvidia Stock Price Levels to Watch After Chip Giant’s $100 Billion Deal With OpenAI
Key Takeaways
- Nvidia shares lost ground in early trading Tuesday after logging their largest one-day percentage gain since July on news the AI Favorite plans to invest up to $100 billion in OpenAI.
- The price broke out from a symmetrical triangle on Monday, indicating a continuation of the stock’s broader move higher.
- The measured move technique forecasts a price target of $207.64, while bars pattern analysis projects a target of around $255.
- Investors should monitor key support levels on Nvidia’s chart near $165 and $150.
Nvidia (NVDA) shares lost ground in early trading Tuesday after logging their largest one-day percentage gain since July on news the AI Favorite plans to invest up to $100 billion in OpenAI.
Under the deal,…
