Nvidia stock consolidates at $180 as Huang meets Trump over chip exports

Traders Union
All News
Financial News
Nvidia stock consolidates

Highlights

Nvidia shares fell 0.8% amid renewed concerns over U.S. export restrictions following CEO Jensen Huang's meeting with Donald Trump.
Technical indicators show the stock remains in an uptrend but is facing resistance near $185, with key support around $165.
Policy developments and China's response to Nvidia’s modified GPUs will likely drive the next directional move.

Technically, the stock remains in a broad uptrend, albeit with a temporary consolidation pattern forming just below the $185–$190 resistance zone. That area coincides with the previous local highs, and breaking above it convincingly could pave the way for a fresh push toward the $200 mark. However, a failure to reclaim that level in the coming sessions could lead to a downside test of the 50-day moving average.

Support is firm around $165, with the next key technical floor seen near $155, where the 100-day moving average may intersect in the weeks ahead. Relative Strength Index (RSI) has cooled to neutral levels around 50, offering no immediate overbought or oversold signals. Volume has remained elevated, suggesting strong investor engagement but no capitulation yet.

Nvidia stock price dynamics (October 2025 - December 2025). Source: TradingView

Another important technical indicator to watch is the MACD (Moving Average Convergence Divergence), which recently formed a bearish crossover, signaling potential short-term weakness. While this doesn’t confirm a reversal, it does reinforce the view that momentum is slowing after Nvidia’s strong rally earlier this quarter. A return of bullish momentum would require a renewed crossover supported by rising histogram bars, ideally combined with a breakout above $190 and increasing volume. Until then, the stock may continue to consolidate or drift lower within its current range.

Geopolitical risk resurfaces as Huang meets Trump

Investor sentiment was dented by reports that Nvidia CEO Jensen Huang met privately with President Donald Trump and other U.S. policymakers to discuss semiconductor export controls. The meeting, which reportedly focused on the sale of advanced GPUs — particularly the H200 and the China-specific H20 variant — has reignited concerns over policy unpredictability and potential curbs on Nvidia’s access to international markets, especially China.

Huang publicly supported export controls aimed at protecting U.S. national interests but raised concerns about their market implications. He noted that Nvidia cannot be sure whether China will even accept the lower-performance H20 chips designed to comply with existing restrictions. If China declines those chips, Nvidia could face revenue headwinds just as demand for AI infrastructure ramps up globally.

Adding to the pressure, lawmakers are currently reviewing proposals that could compel Nvidia and other chipmakers to prioritize U.S. customers over international clients — a measure Huang opposes. From a market perspective, such legislation could materially alter Nvidia’s global sales strategy and reduce near-term earnings visibility, particularly in Asia, where the company has built substantial enterprise and data center relationships.

Range-bound with risk skewed to policy

In the near term, Nvidia is expected to trade within a relatively tight range between $170 and $185. The base case scenario is for the stock to consolidate around the $175–$180 level while awaiting clarity on export policy and international chip demand. This scenario assumes no new restrictions or trade shocks, and stable demand from enterprise clients outside China.

A bullish breakout is possible if the U.S. government signals a softer stance on export controls or approves the broader shipment of modified GPUs to China. In such a case, NVDA could quickly reclaim the $190 mark and potentially test $200–$205, especially if technical momentum aligns. Renewed optimism around AI spending or an upside revision to earnings guidance would further amplify this move.

Nvidia’s reported $100 billion AI infrastructure deal with OpenAI is not yet finalized, despite earlier speculation of a major partnership. CFO Colette Kress clarified that the agreement remains at the “letter of intent” stage, signaling early discussions rather than a confirmed commitment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.