NVIDIA shares are poised for gains on positive data

NVIDIA stock is now consolidating near $193, attempting to stabilize after a recent rally. On Tuesday, quotes were in a tight spot due to SoftBank's $5.8 billion sale of the firm’s stake. This event amplified market fears regarding overvalued AI-related companies and triggered a wave of profit-taking.

However, the massive sell-off was more of a tactical move to relocate capital to SoftBank's own ambitious projects rather than a verdict on Nvidia's fundamental value. Thus, the short-term decline was driven by a one-off event. No significant drop happened because the tech firm’s shares are underpinned by strong market demand.

The fundamentals remain rock-solid. CEO Jensen Huang highlights persistent consumption of Blackwell's flagship chips. Although the loss of the Chinese market poses a challenge, it is offset by explosive AI spending growth in the rest of the world—a trend confirmed by trillion-dollar forecasts from industry leaders.

Another powerful catalyst for NVIDIA stock is the potential end of the US government shutdown. The resumption of official economic data releases will reduce uncertainty and may strengthen the case for the Federal Reserve (Fed) to ease monetary policy in December. These conditions are boosting overall market sentiment, providing a favorable environment for risk assets, including the tech sector, to rebound.

Meanwhile, the technical setup on the daily chart indicates that a reversal is likely. The Chaikin Oscillator, despite being negative, is heading upwards, meaning that sellers are losing their grip on the market. There are also lots of prerequisites for the continuation of this trend. The Stochastic Oscillator confirms the potential for upward momentum, with the recent bullish crossover between the %K and %D lines in neutral territory.

Pay attention to the following trading plan:

Buy NVIDIA at the current price. Lock in profits at $207, and place Stop loss at $185.

This forecast remains relevant from November 12 to November 19, 2025.