Amid AI Chip Demand and Q3 Earnings Outlook
- Summary:
- Nvidia CEO has highlighted that the demand for Nvidia’s H100 and A100 GPUs exceeds supply, as industries rush to incorporate AI technologies.
Nvidia stock has been on a bullish run today, showing a 3.37% gain and now trading at $122.85. Here’s a look at the key support and resistance levels driving Nvidia’s performance.
Nvidia Key Resistance and Support
Immediate resistance at $130.03: Nvidia is pushing toward the $130.03 resistance zone, a level it has tested before. A breakout here could open the door for a rally toward the next significant resistance at $139.85.
Support at $116.19: On the downside, $116.19 remains a crucial support level. This zone has held firm in the past, and if breached, the stock could drop to the…
