Nvidia stock rises to $142 as AI demand fuels breakout momentum
Nvidia appears well-insulated thanks to its diversified supply chain and high-value product lineup
As of June 5, Nvidia stock is trading at $141.92, up 0.5% in the past 24 hours.
The stock remains in a firm uptrend, bolstered by strong technical indicators and consistent bullish sentiment.
Highlights
- Nvidia is trading at $141.92, supported by a strong technical uptrend and rising institutional interest.
- Key indicators like moving averages, RSI, MACD, and volume suggest continued bullish momentum.
- Analysts from Jefferies and UBS have raised their price targets to $185, citing Nvidia’s dominant AI position and expanding market opportunity.
The 50-day moving average is currently at $127.50, and the 200-day moving average stands at $110.30. Both moving averages are upward sloping, confirming the prevailing uptrend and strong investor interest. The gap between the two MAs also illustrates an acceleration in upward momentum over recent months. The Relative Strength Index (RSI) sits at 68, just below the overbought threshold of 70, indicating that while the stock may be approaching a cooling-off zone, it is still being supported by strong buying interest.
Nvidia faces short-term support at $135.00, with additional support around $130.00. On the upside, resistance is forming near $145.00, followed by the all-time high of $153.13. A break above the $145.00 level would suggest a continuation of the rally, with room for fresh highs. On the contrary, a failure to breach this level may result in a brief consolidation or minor retracement toward support zones, offering potential reentry points for long-term investors.
NVDA stock price dynamics (April 2025 - June 2025). Source: TradingView
Another notable technical indicator is the Average Directional Index (ADX), currently reading above 25, which signals a strong trend environment. Additionally, Nvidia's trading volume remains elevated compared to its 30-day average, supporting the conviction behind recent price moves. The Moving Average Convergence Divergence (MACD) also remains in bullish territory, with the MACD line trading well above the signal line, suggesting that momentum continues to favor the bulls.
Market context: analyst upgrades and AI dominance
Investor sentiment around Nvidia remains highly favorable, driven by both strong financials and robust future growth potential. Jefferies recently added Nvidia to its prestigious “Franchise Picks” list, citing the chipmaker’s strategic role in supplying AI accelerators to hyperscalers such as Amazon, Microsoft, and Meta. According to Jefferies analyst Blayne Curtis, Nvidia’s AI infrastructure is unmatched, and its upcoming chip lineup — including Blackwell Ultra and Rubin — is expected to reinforce its leadership.
Curtis raised his price target to $185, anticipating gross margins could rise to between 70% and 80% due to strong product demand and pricing power. Similarly, UBS analysts have echoed a bullish tone, upgrading their Nvidia price target from $150 to $185. They estimate the company’s total addressable market for AI infrastructure could exceed $1 trillion in the coming decade.Although geopolitical concerns and trade tensions—such as the possibility of additional U.S. tariffs on Chinese semiconductors—pose macro risks, Nvidia appears well-insulated thanks to its diversified supply chain and high-value product lineup. Recent results showed explosive year-over-year revenue growth, particularly in the data center segment, which is now Nvidia’s largest business line.
Testing resistance before next leg up
Given the strong alignment of technical and fundamental indicators, Nvidia appears well-positioned to challenge its immediate resistance at $145.00. If the stock successfully breaks this level with volume confirmation, a test of the $150.00 level could be imminent, followed by potential retests of the all-time high at $153.13.
However, traders should watch the RSI closely. If it climbs decisively above 70, it may signal that the stock is overbought in the short term, prompting a pause or minor correction. Any pullbacks toward $135.00 or $130.00 should be seen in context of the broader bullish trend and may offer attractive buying opportunities.
Nvidia’s stock is surging on unprecedented demand for its AI and data center products, driven by the breakthrough efficiency of its new Blackwell architecture. UBS has raised its price target to $175, citing Nvidia’s strong position in a rapidly growing $1 trillion AI infrastructure market.
