Share repurchase program supports Nvidia stock climb

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Nvidia rises 1.36% to $223.60 today

Highlights

Nvidia delivered record first-quarter revenue of $81.6 billion, surging 85% year-over-year due to accelerating AI chip demand.
The company enhanced its shareholder return profile with an $80 billion buyback program and a raised dividend, reinforcing investor confidence.
NVDA trades with strong bullish momentum and buyer dominance, likely holding between $220.00 and $228.00 near-term with upside breakout potential.

Record revenue and buybacks drive exceptional earnings optimism

Nvidia has reported record first-quarter revenue of $81.6 billion, up 85% year-over-year, driven by a surge in demand for its AI chips. This dramatic growth in realized sales has fueled market enthusiasm and underpins current buying interest. The company reinforced its shareholder return strategy by announcing an $80 billion share repurchase program and raising the quarterly cash dividend to $0.25 per share. Exceptional earnings growth, with net profit reaching $58.3 billion, further supports the strong momentum seen in recent trading.

Sustained uptrend amid broad indicator strength, caution on overextension

NVDA trades above the SMA-20 at $213.37, SMA-50 at $195.49, and SMA-200 at $186.64, highlighting a sustained multi-timeframe uptrend. Key support is identified at the Ichimoku Kijun on the daily chart, currently at $215.64. Momentum indicators are broadly positive: the MACD and ADX show continued upward momentum, while the RSI at 61.96 and CCI at 78.97 reflect buying interest but remain clear of overbought territory. The Stoch RSI is neutral on the daily timeframe, and intraday, BBP reveals persistent buyer dominance near overbought levels. NVDA is also trading close to the session high within a $222.09–$225.94 intraday range, though a minor divergence exists between BBP and oscillators, suggesting some caution against potential overextension.

Sideways scenario likely as strong momentum dampens pullback risk

Looking ahead to the next five trading days, NVDA is likely to move within a $220.00 to $228.00 volatility band relative to current levels. Weekly indicators—including RSI, MACD, and the MA-50—show strongly positive signals and indicate an over 80% probability of further price appreciation, with the probability of a near-term pullback remaining low. The most probable outcome is sustained trading within a sideways corridor between $220.00 and $228.00. A breakout above $228.00 could open the way for additional gains, while a sustained decline below $220.00 would mark the beginning of corrective pressure.

Viktoras Karapetjanc, expert at Traders Union, believes Nvidia’s latest results confirm the company’s dominant position in the AI hardware market. He sees surging realized revenues, strong buyback activity, and dividend growth as powerful signals of confidence and a solid fundamental base. The technical picture shows sustained momentum and constructive sentiment, with multiple indicators pointing to the persistence of the uptrend. Short-term risks of overextension remain limited while support and buying interest are strong. "Nvidia’s exceptional growth and shareholder rewards reinforce positive sentiment — I expect buyers to remain in control as long as $220.00 holds."

Earlier, analysts noted that Nvidia’s strong earnings had not been enough to drive a renewed rally in U.S. equities as broader macro risks weighed on sentiment. With the latest results reinforcing exceptional revenue growth and robust technical strength, traders should monitor for a potential move beyond the $228.00 level, which could catalyze a fresh leg higher in Nvidia’s stock.

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.