Current trend

Shares of Nvidia Corp., an American giant in the field of videographic processor development, are adjusting at 121.00.

The company retains a leading position in the market of high-performance processors with artificial intelligence chips, and the main driver of growth recently has been the data center segment, the key unit of which is the NVDIA Hopper GPU platform. Sales are steadily growing and analysts expect that by 2030 Nvidia Corp. will be able to reach the level of 10.0 dollars of annual earnings per share (EPS). Also, by this time, the company's market share may reach 70.0–80.0%, in particular, due to the Blackwell product line. The central forecast of analysts assumes that in 2024 the issuer's revenue will increase to 60.92 billion dollars, and by 2027 – to 203.4 billion dollars.

Nevertheless, the strengthening of the dominant position of Nvidia Corp. may be hampered by regulatory authorities of the People's Republic of China: according to Bloomberg, Chinese companies are being persuaded to refuse to buy Nvidia Corp.'s H20 chips in favor of local producers.

Support and resistance

On the D1 chart, the asset is adjusting within a descending range with boundaries of 126.00–92.00.

Technical indicators hold the global buy signal: the range of fluctuations of the EMAs of the Alligator indicator is directed towards growth, and the AO histogram, still above the transition level, forms new correction bars.

Support levels: 115.70, 98.70.

Resistance levels: 126.30, 140.70.

Trading tips

If the global growth of the asset continues and the price consolidates above the resistance level of 126.30, one can open long positions with a target of 140.70 and a stop-loss of 122.00. Implementation period: 7 days and more.

In the event of a reversal and continued decline of the asset, as well as price consolidation below the support level of 115.70, one may open short positions with a target of 98.70 and a stop-loss of 120.00.