Nvidia Just Became the First $5 Trillion Company—Monitor These Crucial Stock Price Levels
Key Takeaways
- Nvidia became the first company to ever achieve a market capitalization of $5 trillion as its stock surged in early trading Wednesday.
- The stock is adding to big gains posted Tuesday after CEO Jensen Huang delivered a keynote address at Nvidia’s developers conference, highlighting the company’s latest AI products and announcing several deals.
- Nvidia shares on Tuesday broke out from a rising wedge on the highest trading volume since late May, signaling buying conviction behind the jump.
- The measured move technique projects a potential upside target of $220. Investors should also watch crucial support levels on Nvidia’s chart around $185 and $165.
Nvidia (NVDA) became the first company to ever achieve a market…
