Nvidia stock price up 12% this week as volume surge confirms institutional accumulation
Nvidia rose to $132.2
Nvidia stock prices are once again leading the tech sector this week, gaining 12% so far as investor sentiment shifts in favour of risk assets following a softer-than-expected U.S. inflation print and a temporary easing in U.S.–China trade tensions.
The latest surge in Nvidia's stock price was triggered on Tuesday when the company stock price opened near $124.9 and climbed as much as 5% to an intraday high of $131.2 shortly after the CPI report was released. Although price action settled back to close near $129.9, a level that previously acted as resistance, the bullish momentum carried into premarket trading on Wednesday, where Nvidia rose to $132.2, a 1.6% increase from the previous close.
Nvidia premarket hits $132.2 after bullish CPI and China trade relief spark breakout
The technical breakout above $129.9 is very significant. This level had capped upside movement in the prior session, but today’s early move above it confirms bullish continuation, shifting attention to the next price target, the February high at $143.5. That level now stands as the nearest potential target for Nvidia’s ongoing rally.
Nvidia stock price dynamics (Nov 2024 - May 2025)
Volume indicators lend weight to the move. The past three trading sessions have seen rising volume accompanying price gains, pointing to strong institutional participation. Although the daily RSI is nearing the overbought zone, the lack of divergence between RSI and price action reduces the risk of an immediate reversal. In fact, RSI crossing into overbought territory may be interpreted as a sign of strength in trending markets, rather than a weakness.
Month-to-date, Nvidia is now up over 21%, consolidating its leadership position among the tech majors in 2025. The recent price performance reflects growing investor confidence not just in the broader risk environment, but in Nvidia’s core positioning in AI and semiconductors sectors expected to benefit from easing geopolitical tensions. In the short term, price action is aligned to test higher ground, but traders may watch for pullbacks toward $129.9 to assess whether the former resistance holds as support.
Nvidia surged nearly 50 percent from its April low after investor sentiment turned bullish. The 50-day and 200-day moving averages which now serve as solid support levels.
