Nvidia (NVDA) Stock Analysis: Premarket Gains Lead Magnificent Seven Before Earnings
TLDR
- Nvidia (NVDA) shares surged up to 2.9% in premarket trading Tuesday, leading the Magnificent Seven tech stocks
- The company reports quarterly earnings Wednesday after market close, with investors watching for AI spending updates
- Stock has formed a bullish flag pattern indicating potential uptrend continuation despite being down 2% year-to-date
- Key resistance levels to watch are $143 and $150, with support at $121 and $115
- Nvidia has rallied 52% from April lows on trade deal optimism and strong AI infrastructure spending forecasts
Nvidia shares climbed as much as 2.9% in premarket trading Tuesday, outpacing other Magnificent Seven tech stocks. The AI chipmaker leads peers including Tesla, Alphabet, and Meta heading…
