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The Nvidia share fell after the CEO GTC keynote delivered.

Source: tradingview.com
  • The Nvidia shares planned on Tuesday when CEO Jensen Huang held a highly expected keynote address at the GTC Conference of the AI ​​Chipmaker.

  • After setting up a record high in January, the share acted within a descending channel, which may be subjected to a consolidation phase before the longer -term upward trend has been resumed.

  • Investors should monitor the most important support levels in the NVIDIA table of around 96 and 76 US dollars and at the same time pursue important levels of resistance in the amount of $ 132 and $ 150.

  • The bars pattern analysis, which comprises the beams from the trend change of the share from October 2023 to March last year and overlaps it from the low of this month, predicts a potential upward price destination of around 325 US dollars.

Nvidia (Nvda) The shares fell on Tuesday when CEO Jensen Huang at the GTC conference of the AI ​​chip manufacturer gave a highly expected main address.

During his two-hour presentation, Huang presented the company's roadmap for the next two years and presented updates via the ruby ​​chips from Blackwell and the next generation and at the same time presented the latest AI tech for robotics and telecommunications. Huang also announced a new partnership with General Motors (GM) To train AI production models.

The announcements were not enough to raise investor spirits. The NVIDIA shares, which went back by about 1% before the start of the CEO, closed the day by 3.4% lower at $ 115.43. Investors will search for further updates from NVIDIA because the conference will continue in the next few days.

After several years of explosive profits that were driven by the insatiable demand for the company's AI offers, the Nvidia shares were put under pressure in early 2025. The share has been reduced by 14% since the beginning of the year, as concerns about the handover of AI infrastructure and uncertainties that contact the Trump administration's trade policy in terms of tariff policies and chip exports in terms of Trump management and chip exports.

If GTC 2025 is underway, we take a closer look at the weekly table from Nvidia and use the technical analysis to find the most important price levels.

Since the establishment of a record high in January, the Nvidia shares have traded within a descending channel, which may be subjected to a consolidation phase before resuming their long-term upward trend.

Recently, the share has found buyers near the lower trend line of the descending channel, although the price campaign has remained lackluster since then. In the meantime, the relative strength index (RSI) remains below the 50 threshold and points to a weak impulse.

Let us identify important support and resistance levels in the Nvidia table that investors may monitor, and also project an upside course goal to pursue whether the share is increasing its long-term move.