Key Insights

• NVIDIA stock formed a bullish engulfing pattern after falling to a crucial support.
• The company will host its GPU Conference next week.
• Donald Trump’s trip to China will be bullish for the stock.

NVIDIA stock price rose by nearly 3% on Monday as investors bought the dip after it fell to an important support level. It jumped to $182, and this recovery may continue in the coming days as traders wait for the GTC event and President Donald Trump’s trip to China.

NVIDIA GTC Event is a Key Catalyst for the Stock

NVDA share price will be in the spotlight in the coming weeks. The first main catalyst will be the upcoming GTC event, its flagship GPU event, scheduled for March 16 to 19.

GTC is an annual event where the…