Buying NVIDIA stock from support level

NVIDIA shares are currently trading within the $170–$195 range—limits that have held since last August. Prices are now coiling around the channel’s lower boundary, providing us with a technically favorable entry point for long positions, especially given the company’s strong fundamental tailwinds.

NVIDIA closed the 2026 fiscal year with extraordinary financial results, cementing its leadership in high-performance computing and artificial intelligence.

Revenue for the period reached $215.9 billion, marking a 65% year-over-year increase. Such a figure not only exceeded investors’ expectations but also underscored the resilience of the tech giant’s business model, which has weathered intense competition and an ever-changing macroeconomic landscape. The data center segment was the primary engine of growth, accounting for a 75% surge in NVIDIA’s revenue. The launch of the Blackwell platform proved to be a game-changer, fueling an unprecedented wave of demand from major cloud providers and AI developers. The frenzy around Blackwell chips continues to this day, with orders being booked months in advance and production facilities running at full capacity to meet market needs.

Meanwhile, NVIDIA’s earnings per share (EPS) more than doubled, illustrating the firm’s exceptional operational efficiency and its ability to convert elevated demand into sustained profitability.

The final recommendation:

— Buy NVIDIA stock at the current price, targeting $195 within one to two months;

— For risk management, place a Stop Loss order near $165, just below the support level, if the market plays against us.