Monitor These Nvidia Stock Price Levels After Two Years of Massive Gains
Key Takeaways
- Shares in chipmaker Nvidia will be in the spotlight ahead of a presentation by CEO Jensen Huang scheduled for next Monday at the Consumer Electronics Show in Las Vegas.
- Nvidia shares gained 170% in 2024, after surging 240% the year before, amid booming demand for its AI chips.
- Since hitting a record high in late November, Nvidia shares have traded within a descending channel, with the price tagging the pattern’s upper and lower trendlines on several occasions since that time.
- Investors should watch key support levels on Nvidia’s chart around $130 and $115, while also monitoring important resistance levels near $140 and $150.
Shares in artificial intelligence (AI) chipmaker Nvidia (NVDA) will be in the spotlight ahead of a
