Nvidia stock trades flat after Beijing mandates shift to domestic chip suppliers

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Nvidia slips 0.88% to $217.45 today

Highlights

Nvidia reported no China data center chip shipments this quarter due to stricter U.S. export controls, ending Chinese compute revenue.
Management expects this revenue loss to be permanent as tariffs and regulatory pressure block access while China prioritizes domestic AI chip suppliers.
Nvidia’s stock maintains a bullish trend above major technical supports, with consolidation likely in the $212.00–$225.00 range and an upward bias favored short-term.

China revenue evaporates as export curbs and tariffs reshape Nvidia’s outlook

Nvidia reported zero shipments of its Data Center Hopper products to China this quarter as a result of tightened U.S. export controls, effectively eliminating a significant source of demand and revenue for this business segment. The company’s management has stated that it no longer anticipates any compute revenue from China, reflecting a permanent loss of access to this major market alongside the imposition of a 25% tariff and stricter export conditions under U.S. regulatory policy. Meanwhile, Beijing has directed local firms to turn to domestic alternatives, further curtailing Nvidia’s AI chip position within China and amplifying the operational impact of the latest restrictions.

Strong technical support persists as bullish signals moderate after gap

Technically, NVDA is trading above the SMA-20 ($214.35), SMA-50 ($196.15), and SMA-200 ($186.85). The immediate support is the Ichimoku Kijun level at $215.64. MACD on the D1 chart shows strong bullish momentum, with a confirming Buy signal from ADX, while RSI reads 57.66, indicating a neutral-positive stance. Stoch RSI is neutral but trending toward oversold on both daily and intraday, and CCI is neutral. BBP flags overbought conditions, with recent buyer dominance now moderating. The Awesome Oscillator is neutral, giving no directional bias. This session opened with a mild downward gap ($219.39 to $216.51); the price currently trades mid-range between $215.18 and $218.27 following moderate intraday volatility.

Price consolidation likely as upward potential depends on breakout

Looking ahead, the short-term price range for NVDA is expected to be $212.00 to $225.00, representing a typical volatility band relative to current levels. The most probable scenario is price consolidation with a gradual upward tilt, amid continued momentum from medium- and long-term signals. A breakout above $225.00 would trigger a trend extension higher, while a move below $212.00 could make the stock vulnerable to further declines toward broader support.

Anton Kharitonov, expert at Traders Union, sees Nvidia as technically resilient above key averages, but fundamentally exposed to structural risks. He believes the loss of all China data center revenue and regulatory headwinds are material pressures that should not be overlooked. Momentum indicators are neutral to positive, but sentiment is now cautious. "Until NVDA reclaims growth from new markets to offset China losses, I remain defensive on the stock’s longer-term outlook."

Earlier, analysts noted that Nvidia’s overall outlook remained favorable despite emerging headwinds from regulatory actions and geopolitical risks affecting its international operations. The latest developments confirm and expand upon these concerns, making the company’s exclusion from the Chinese AI chip market and the $212.00 support level pivotal factors for traders monitoring NVDA’s near-term consolidation and risk profile.

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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