Over the past few days, NVIDIA shares have staged an impressive comeback, rallying from $190 to $210. If you've been watching the AI chipmaker lately, you've probably noticed it has been on a roll.
So, what's behind this surge? The primary driver of the stock's resilience is the seemingly insatiable appetite for AI GPUs from Big Tech companies. Microsoft, Amazon, Alphabet, and other industry heavyweights continue to pour billions into data center expansion, keeping NVIDIA's order books full. Meanwhile, the company is slowly unlocking the supply of its next-generation chips, though demand is still running well ahead of production capacity. This bottleneck is feeding expectations of a blockbuster earnings streak, giving the stock a serious wind at its back.
Now, let's see what the charts have to say. From a technical perspective, the stars are aligning for bulls. After a recent dip, NVIDIA shares decisively bounced off the $190 support level—a floor that has repeatedly held firm during previous sell-offs. Such resilience shows that buyers are still confident, despite a roughly 20% peak‑to‑trough decline. The Relative Strength Index (RSI) has just climbed above 50, signaling that upward momentum is back in play without any signs of overheating. The MACD Indicator has also crossed into positive territory, flashing a classic bullish signal. Put it all together, and the technicals point to more upside ahead—with $235 looking like the next major stop.
The ultimate recommendation is to buy NVIDIA shares at the current price ($210), aiming to reach $235 within two weeks. To shield
your position from adverse market movements, place a Stop Loss order at $190.
This content is for informational purposes only and is not intended to be investing advice.
