Key Takeaways
- Nvidia this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing Apple.
- The stock has traded mostly sideways to higher on low trading volumes since breaking out from a symmetrical triangle last month as investors look for future catalysts that may drive the AI favorite’s next move.
- Investors should monitor key lower price levels on Nvidia’s chart around $144, $125 and $97, while watching an important higher level near $180.
Nvidia (NVDA) this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing iPhone maker Apple (AAPL).
The AI chipmaker’s shares gained about 4% on Wednesday, hitting a record high of…
