Watch These Nvidia Price Levels as Stock Surges After Strong Earnings Report
Key Takeaways
- Nvidia shares jumped in extended trading on Wednesday after the chip giant surpassed Wall Street’s quarterly revenue expectations amid booming AI demand.
- The stock has broken out from a flag pattern, a move that has coincided with the 50-day moving average crossing above the 200-day MA to form a bullish golden cross.
- Investors should watch major overhead areas on Nvidia’s chart around $143, $150 and $160, while also monitoring a crucial support level near $130.
Nvidia (NVDA) shares jumped in extended trading on Wednesday after the AI chipmaker surpassed Wall Street’s quarterly revenue expectations.
The company announced after the closing bell that its fiscal first-quarter sales rose 69% to a record $44.06 billion, as…
