Nvidia Stock Has Gained 50% Since Its April Lows—Watch These Key Levels
Key Takeaways
- Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company.
- The stock has trended sharply higher after breaking out from a falling wedge pattern last month, with the price staging a decisive close above the 200-day moving average on Tuesday.
- Investors should watch crucial overhead areas on Nvidia’s chart around $130 and $150, while also monitoring important support levels near $115 and $96.
Nvidia (NVDA) shares will remain on watchlists after the AI favorite returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company.
The deal,…
