close
close

The Nvidia share fell after the CEO GTC keynote delivered.

Key Takeaways

  • 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.

The shares of Nvidia (NVDA) fell on Tuesday when CEO Jensen Huang held a highly expected keynote address at the GTC conference of the AI ​​Chipmacher.

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.

Descending sewer consolidation

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.

To monitor main support levels

In the event of a collapse below the lower trend line of the descending channel, the shares can remove around 96 US dollars. This area in the table would probably support support near last year in March and August Trog.

In a larger decline, the price of the share at a level of 76 US dollars could carry out lower support. Last April, investors can obtain in this region in this region near the depth of a four -week withdrawal in the shares.

To observe important resistance levels

The purchase of up -to -date level could move a move to around $ 132.

The next higher level of resistance you can observe is at the most important level of $ 150. Investors who have come into the stock at lower prices can set the profits in this area near a series of tips that are positioned directly under the record high of the share.

To follow upwards price target

In order to project a potentially long -term upward trend to pursue whether the stock is picking up its upward trend, investors can use the sample analysis, which analyzes previous trends in order to carry out future price forecasts.

When using this technology to the Nvidia diagram, we take the bars from which the trend step from October 2023 to March last year includes, and overlap from this month. The analysis speculates a potential upward price destination of around 325 US dollars when a comparable step has played. We selected this previous trend because it followed a similar consolidation pattern in the table.

The comments, opinions and analyzes that were expressed on investopedia are only used for information purposes. For more information, see our disclaimer for warranty and liability exclusion.

Until the date on which this article was written, the author has none of the above securities.