Nvidia stock price forecast: $225.00 resistance as NVDA trades flat near $220.84

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Nvidia rises 0.72% after new AI deal

Highlights

Nvidia secured a $3.4 billion, five-year AI cloud agreement with IREN, ensuring steady DSX architecture demand and broader strategic exposure.
With equity commitments surpassing $40 billion for 2026 and new deals with Corning and IREN, Nvidia accelerates its AI supply chain leadership ahead of its May 2026 earnings.
NVDA exhibits strong bullish momentum, expected to range between $216.50 and $225.00 as indicators favor price gains with low downside risk.

AI infrastructure push expands as landmark IREN deal boosts exposure

Nvidia has entered a five-year, $3.4 billion AI cloud services agreement with IREN, positioning itself to secure sustained demand for its DSX architecture and expanding strategic exposure through an option for $2.1 billion in IREN equity. This landmark partnership adds to Nvidia’s over $40 billion in equity commitments for 2026, underscoring its accelerating investment in the AI supply chain. Additional agreements with Corning and further investments with IREN reinforce Nvidia’s integrated approach to AI infrastructure leadership ahead of its upcoming earnings report on May 20, 2026.

Bullish momentum persists amid overbought signals and diverging stochastics

NVDA has made a strong move above key technical levels. The price is well above the SMA-20 ($204.64), SMA-50 ($189.49), and SMA-200 ($184.95). The Ichimoku Kijun on the daily chart is at $197.98, providing immediate support. Momentum indicators remain bullish: MACD is on a buy signal, and ADX at 18.10 shows a present but not especially strong trend. RSI (68.37) and CCI (171.80) are near or in overbought conditions, while Bull/Bear Power (BBP) is also in the overbought zone, suggesting dominant buyer pressure. Stoch RSI is neutral on D1 but shifts to overbought to strong buy on lower timeframes, indicating some divergence. The Awesome Oscillator continues to support upward momentum. A minor gap down occurred between the previous close ($219.27) and today's open ($217.44). NVDA is trading close to today's high at $222.29 within a moderately volatile daily range.

Consolidation favored as breakout risks hinge on volatility shifts

In the near term, NVDA is likely to trade within a typical volatility band from $216.50 to $225.00, reflecting its recent price action. The core scenario points to consolidation near current levels, with a sideways corridor most probable. Should momentum increase, a clear break above $225.00 could open the door to new highs. If selling pressure emerges and the immediate support at $197.98 is breached, deeper pullbacks toward $190 become more likely, though this scenario has a low probability based on current conditions.

Anton Kharitonov, expert at Traders Union, sees Nvidia’s uptrend as technically convincing, but notes sentiment is running hot on big news. He believes fundamental strength is clear after the IREN deal and deepening AI investments, but technicals show overbought signals and divergence on lower timeframes. The analyst maintains a cautious outlook, watching for consolidation near $220.84 with $225.00 and $197.98 as key short-term levels. "My base case is sideways to modest upside, but until overbought conditions reset, I stay defensive on chasing further highs."

Earlier, analysts noted that Nvidia maintained a strong bullish structure supported by robust momentum indicators, though overbought signals warranted cautious optimism. The latest technical resilience, combined with expanding strategic AI partnerships, adds conviction to the case for sustained upward bias—making a decisive break above $225.00 an important signal for renewed upside momentum.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.