Nvidia stock trades at $131 ahead of earnings as AI boom faces China chip curbs
The post Nvidia stock trades at $131 ahead of earnings as AI boom faces China chip curbs appeared on BitcoinEthereumNews.com.
As of May 27, Nvidia stock is trading at $131.29, down 1.1% over the past 24 hours. Despite the slight pullback, the company’s technical setup remains largely bullish. Highlights Nvidia is trading at $131, down 1.1%, as markets await its Q1 earnings release on May 28. Analysts expect strong results driven by AI chip demand, but geopolitical tensions over China sales could pose headwinds. Technical indicators suggest a potential breakout above $143 if earnings and guidance meet bullish expectations. The stock currently exhibits a flag continuation pattern—a typically bullish signal that suggests a period of consolidation before another upward leg. Nvidia has gained more than 50% since early April, reflecting renewed investor confidence amid strong demand for AI-driven technologies and chipsets. From a technical perspective, Nvidia is approaching significant resistance at the $143 level, which corresponds to the highs observed in late February. A breakout above this area would likely open the door to further gains, with $150 acting as the next psychological barrier and potential price magnet in the short term. On the downside, immediate support is seen around $121, aligning with previous March highs, while stronger support rests near $115, which is close to the 50-day moving average. This level is also reinforced by institutional buying zones observed in the past several months. NVDA stock price dynamics (March 2025 – May 2025). Source: TradingView. Momentum indicators are currently neutral to bullish. The Relative Strength Index (RSI) is hovering just under 70, indicating the stock is not yet overbought but is nearing a critical zone. The MACD line remains above the signal line, suggesting that upward momentum still has room to continue. Moreover, the moving average convergence-divergence pattern supports the thesis of a continued uptrend if earnings and macro conditions remain favorable. Market context: AI leadership and regulatory tensions…
