Nvidia shares will remain in the spotlight Thursday after CEO Jensen Huang said late yesterday during an interview on CNBC that demand for the company’s next generation Blackwell AI chips is “insane.”
The stock has oscillated within a symmetrical triangle, a chart pattern that indicates a period of consolidation, typically followed by a new trending move in the direction of a breakout and longer-term trend, which in Nvidia’s case, signals further bullish price momentum.
The measuring principle and bars pattern technique forecasts upside targets on Nvidia’s chart at $180 and $210, respectively.
A breakdown below the symmetrical triangle would likely see the shares find support around $97, near a trendline linking the…
