Nvidia stock gains 1.8% as Citi sees growth surge in 2H26

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Highlights

Nvidia shares rose 1.8% to $188.30 as Citi reiterated its Buy rating and highlighted stronger growth prospects for 2H26.
The stock is approaching key resistance near $200, with technical indicators showing improving momentum above short-term moving averages.
A breakout above $200 could open the way toward $215–$220 in the coming weeks, while $175 remains critical support.

From a trend perspective, Nvidia remains in a broader primary uptrend on the weekly chart, but the daily timeframe reflects consolidation following its explosive multi-quarter rally. The 20-day moving average is gradually flattening near $187, while the 50-day moving average sits slightly lower in the $180–$182 area, acting as dynamic support. The stock continues to trade above both averages, which keeps the short-term structure constructive.

The Relative Strength Index (RSI) is hovering around the neutral 50 zone, indicating neither overbought nor oversold conditions. This positioning leaves room for upside expansion should buying pressure accelerate. Meanwhile, the MACD is attempting a bullish crossover on the daily chart, signaling early-stage positive momentum but not yet confirming a decisive breakout.

Nvidia stock price dynamics (December 2025 - February 2026). Source: TradingView

Key support levels are clearly defined. Immediate support stands at $182, followed by stronger structural support at $175. A break below $175 would expose $168–$170, which aligns with previous swing lows and heavier volume accumulation. On the upside, immediate resistance is clustered between $195 and $200. A sustained close above $200 would likely trigger momentum-based buying and open the path toward $215 in the short term.

Citi reiterates buy ahead of 2H26 acceleration

Citi has reiterated its Buy rating on Nvidia, arguing that the company is positioned for meaningful outperformance in the second half of fiscal 2026. The call is based on expected acceleration in AI infrastructure demand, driven by next-generation platforms including Blackwell, B300, and Rubin architecture developments.

According to Citi, revenue growth could re-accelerate materially in 2H26 as hyperscale cloud providers expand AI capacity and enterprise adoption widens. The firm expects sequential sales growth to exceed broader consensus estimates, supported by sustained demand for AI accelerators and networking solutions. Importantly, Citi also highlighted Nvidia’s ability to maintain gross margins near historically elevated levels, reflecting pricing power and supply-chain optimization.

Investor attention is now shifting toward Nvidia’s upcoming GTC conference, where management is expected to provide updated roadmap visibility and product timelines. Historically, GTC has served as a catalyst event for the stock, particularly when forward-looking guidance reinforces multi-year demand visibility.

Price prediction and scenarios

The short-term outlook hinges on whether Nvidia can decisively clear the $200 resistance barrier. The base-case scenario assigns a 50% probability to continued upside momentum. If the stock closes above $200 on strong volume, technical breakout dynamics could push the price toward $215–$220 within the next four to six weeks. Momentum extension toward $230 cannot be ruled out if GTC delivers strong forward guidance.

The bearish scenario, estimated at 20% probability, would materialize if the stock breaks below $175. A move under that level could trigger accelerated selling toward $168–$170. However, given current institutional support and Citi’s reinforced bullish thesis, deeper downside appears limited unless macro conditions deteriorate sharply.

Nvidia has entered a multiyear strategic partnership with Meta to build hyperscale AI data centers for training and inference workloads. The deal includes deploying millions of Blackwell and Rubin GPUs, strengthening Nvidia’s role as Meta’s core AI infrastructure partner.

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