NVDA rallies as Q1 earnings top $81.6 billion and Q2 forecast rises

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Nvidia jumps 4.03% on AI plans

Highlights

Nvidia's new partnership offers AI startups GPU access for a share of future cloud and product revenues, expanding its growth pipeline.
Q1 revenue reached $81.6 billion with Q2 revenue guidance raised to $91 billion, underscoring strong operational momentum despite ongoing labor litigation risk.
NVDA maintains a bullish technical outlook with momentum affirmed by multiple indicators, trading near recent highs and a projected 2–3 day range of $202.05 to $219.87.

Growth outlook firm as startup initiative tempers legal risks

Nvidia has launched a revenue partnership program aimed at AI-focused startups, enabling these firms to access Nvidia GPUs in return for a portion of future product and cloud revenue, according to Trendhunter. This strategic initiative is likely to broaden Nvidia's future customer base and strengthen demand for its core products as participating startups scale. Strong Q1 earnings of $81.6 billion and a raised Q2 revenue guidance to $91 billion, as reported by Tradingkey, underscore robust operational momentum and management's positive outlook. Meanwhile, the class action lawsuit concerning labor practices, as highlighted by Finance Yahoo, presents a potential risk but has not significantly overshadowed the prevailing growth narrative.

Bullish momentum holds as overbought signals flag pullback risk

On the technical front, NVDA trades above its MA-20 at $204.69 and MA-50 at $199.51 on the hourly chart, as well as above the long-term MA-200 at $191.67. The Ichimoku Kijun provides immediate support at $201.93. The Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both signal bullish momentum intraday, with buyers dominating activity per Bull/Bear Power. The Relative Strength Index (RSI) stands elevated at 72.9, while both the Stochastic RSI and Commodity Channel Index (CCI) indicate overbought conditions. The Awesome Oscillator also confirms the uptrend, collectively pointing to sustained buying interest but signaling the potential for short-term pullbacks due to stretched oscillator readings.

Further gains likely as volatility narrows and resistance nears

Looking ahead, the short-term forecast range for NVDA spans $202.05 to $219.87 over the next two to three trading days. There is a 78% probability of further upside, while the downward scenario carries a 22% likelihood. The baseline expectation is for prices to consolidate within this volatility band. A decisive break above $219.87 could fuel additional gains, whereas a slip below $202.05 would likely see the price searching for support at lower levels.

Viktoras Karapetjanc, expert at Traders Union, sees Nvidia's strategic partnerships and outstanding earnings as strong drivers for further growth. He notes that management's bullish guidance and solid technical signals support this momentum. The recent headline risk from labor litigation has not meaningfully dampened investor sentiment. Karapetjanc believes confidence remains high in Nvidia's outlook. "Given the sustained operational strength and expanding market reach, I expect bullish momentum to persist in the near term."

Earlier, analysts noted that while Nvidia remained the leader in the AI trade, rising geopolitical and macroeconomic headwinds added uncertainty to the sustainability of its rally. The current resilience in both fundamentals and technicals, combined with expanding AI partnerships, reinforces Nvidia's dominant outlook; traders should watch for a confirmed breakout above $219.87 as a trigger for further 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.