TradingKey – NVIDIA (NASDAQ: NVDA) surged 4.03% on July 10, with the Trump Administration easing export controls with the UAE, thus NVDA has a new market for selling advanced AI chips. The stock closed the week at $210.57, and despite the concerns with Meta’s in-house AI chips, NVDA has seen little loss, because investors see Meta’s development as a compliment and not a competitor. From a fundamental perspective, NVDA is seeing the benefits of the AI demand with the company guiding Q2 revenue to $91b and the forward P/E is collapsing to a predementia level. From a technical perspective, the 4-hour chart is showing a double top is forming near 212.50, and this is a key resistance before the August 25 earnings.