NVIDIA stock keeps climbing despite geopolitical risks

NVIDIA shares (NVDA) have recently rebounded from a local low in the $174–$180 range. With the Middle East descending into chaos, investors are starting to actively get rid of risky assets. Yet, some traders view the current dip as a compelling entry point.

“Why NVIDIA?” one might ask. The answer is quite simple: the tech giant has strong fundamental backup. In its latest earnings report, NVIDIA posted $11 billion in revenue from its data center segment—a staggering 263% annual increase. Considering major clients’ intention to ramp up purchases this year, you can only imagine NVIDIA’s future results.

However, there are several headwinds along the way. Export restrictions on H200 chip deliveries to China cast a shadow over the company’s prospects. The US has proposed capping shipments at 75,000 chips per customer, but Asian giants, such as Alibaba and ByteDance, plan to buy more than 200,000 chips each. This predicament could darken NVIDIA’s earnings outlook.

Turning to the technical setup, we see quotes’ attempt to consolidate and even recover locally after dipping to $174.51. The Chaikin Oscillator is trending higher, pointing to capital inflows and position accumulation. At the same time, the Stochastic Indicator is in overbought territory, providing technical confirmation of the current upward reversal.

NVDA continues to move within an ascending channel. They have recently rebounded from solid support after hitting the lower limit. The stock is now targeting the dynamic midline near $187. The first support level is located at $174, with the stronger one at $170, where active buying interest is expected.

Pay attention to the following trading plan:

Buy NVDA at the current price or during a pullback toward $174 in early trading. Place Take profit at $187.00. Set Stop loss at $168.00.

The forecast is valid between March 4 and March 11, 2026.