TradingKey – NVIDIA starts the month at around $ 224.41, just above the sweet spot of the $ 224.28 chart reference point. It showed a 3.2% gain on September 2. The Higher-low structure is preserved as support begins at the $215 – $218 range. The bulls still need to overcome the $228–$230.49 resistance in order to signify the next leg up for the stock. Record breaking Q2 earnings, MediaTek’s adoption of NVLink Fusion, as well as new evidence of large pre-commitments for AI computing keep the demand side of the story positive.
Record Q2 Results Still Anchor the Bull Case
NVIDIA reported a jump of 106% year over year (YoY) for the current fiscal quarter ending in Q2 of 2027, as reported on August 26. During the same reporting period,…
