TradingKey – NVIDIA begins September trading at approximately $220.78 to match the chart reference for $220.70. The price partially filled the gap from last week. There is another support zone at $214.71 – $215.44 below the current trading price. The overall technical outlook remains constructive. The fundamental analysis also strengthened on August 31 after NVIDIA’s $3.5 billion investment in MediaTek and the expansion of NVLink Fusion in custom AI chips. The first target for bulls will be the price level of $230.49.
Q2 Results Still Show Exceptional AI Demand
NVIDIA came out with fiscal Q2 2027 results, reporting a record $96.22 billion, which is an increase of 106% year on year and an increase of 18% on a sequential basis. The Data…
