Nvidia Stock Price Levels to Watch After Earnings Top Expectations
Key Takeaways
- Nvidia shares moved higher in premarket trading Thursday after the AI investor favorite released quarterly results and an outlook that surpassed Wall Street expectations.
- Trading volumes have remained light following a breakout from an ascending triangle, suggesting that larger market players may have remained on the sidelines ahead of the chipmaker’s quarterly report.
- Investors should watch important support levels on Nvidia chart around $136, $115, and $97, while monitoring a measured move price target at $186.
Nvidia (NVDA) shares moved higher in premarket trading Thursday after the AI chipmaker released quarterly results and an outlook that surpassed analysts’ expectations.
The company’s closely watched data…
