Buying pressure lifts Nvidia stock higher in today's trading

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Nvidia rises 2.24% today to $184.40

Highlights

Nvidia’s GTC event is set to debut new AI-centric products, including inference chips and advanced CPUs targeting data-center demand.
International sales risks have eased as the Trump administration withdrew a proposed licensing rule, though China export limits persist.
Nvidia trades just below key resistance levels with mixed technical indicators; projected range is $188.11 to $195.14 over five days, skewed bullish.

AI demand and export policy shift drive bullish sentiment at GTC

Nvidia is hosting its annual GTC event in San Jose, California, where CEO Jensen Huang will deliver a keynote and the company is expected to announce new products, including the Vera Rubin AI inference chips and a new CPU to tackle AI infrastructure and data-center bottlenecks. Demand for Nvidia’s AI chips remains very high, resulting in GPU scarcity and record revenue from data centers. The Trump administration has also withdrawn a proposed export licensing rule that could have restricted Nvidia’s international sales, while current export limits to China remain unchanged.

Anton Kharitonov, expert at Traders Union, notes that Nvidia's recent move above $184 does little to alter the cautious short-term technical setup. The stock remains under pressure below both the SMA-20 and SMA-50, with daily momentum oscillators reflecting indecisive buying interest and risk of reversal. Kharitonov highlights that gains driven by GTC event optimism could fade, especially as key resistance persists near $185.50. Ongoing export constraints to China and unresolved supply issues also cap upside in the near term. "Short-lived rallies in this zone often meet resistance, so I would avoid chasing further upside until NVDA proves it can hold above $185.50," he warns.

Viktoras Karapetjanc, expert at Traders Union, sees Nvidia’s strategic positioning as exceptional following strong data center demand and positive regulatory developments. He believes GTC’s new product launches and the removal of a potential US export hurdle signal institutional confidence and global opportunity. Karapetjanc emphasizes that the bullish structure remains intact despite near-term consolidation under key SMAs. He expects further growth as investor sentiment and sector appetite remain positive. "With AI leadership and strong event catalysts, the market offers attractive setups for a continued move toward $195," says Karapetjanc.

Divergence in oscillators as price strength meets weak momentum

Momentum signals for NVDA are mixed. The daily MACD and ADX tilt bearish to neutral, indicating weak directional conviction. The daily RSI sits at 45.39 and CCI at –46.84, both reflecting a lack of strong trend but not yet at oversold levels, while the Stoch RSI at 25.31 and BBP at 2.54 highlight overbought conditions — a contrast to the underlying selling pressure. The current price has advanced by $4.04, or 2.24%, from yesterday’s close with NVDA trading near today’s high of $184.94, reflecting moderate intraday volatility and continued strength toward session highs. The conflicting oscillator readings point to divergence between upward price movement and overall momentum.

Previously it was reported that Nvidia faced short- and medium-term technical weakness amid ongoing regulatory uncertainties and mixed momentum signals. The latest developments at the GTC event, combined with sustained demand and a favorable regulatory shift, now suggest the potential for an upside move, making a decisive breakout above $185.50 a key level for traders to monitor.

Source of Data: NVDA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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