Nvidia stock trades above $143 on UK AI lab launch
Strategic partnerships with Amazon, Microsoft, and Oracle have added to Nvidia’s long-term credibility
As of June 11, Nvidia stock is trading at $143.96, up 0.9% over the past 24 hours.
From a technical standpoint, Nvidia (NASDAQ: NVDA) is showcasing clear signs of bullish strength. The recent price action confirms a breakout from a well-defined bullish flag pattern.
Highlights
- Nvidia stock rose 0.9% to $143.96 amid bullish technical signals, including a flag breakout and a golden cross.
- The company’s launch of a UK-based AI lab reinforces its global expansion strategy and leadership in the AI infrastructure space.
- With strong earnings and momentum, Nvidia is poised to test resistance at $150 and potentially reach $160 in the near term.
Supporting this view is the presence of a golden cross on Nvidia’s daily chart, where the 50-day simple moving average has moved above the 200-day moving average. This is traditionally regarded as a long-term buy signal and further validates the bullish setup. Shorter-term indicators, such as the Relative Strength Index (RSI), remain within the 60-70 range—indicating strong momentum without being overbought. Additionally, volume on up-days has been higher than on down-days, pointing to institutional accumulation.
Nvidia faces near-term resistance at the $143 level, which aligns with a prior swing high from mid-February. A successful breach of this level could open the way for a move to $150, a psychologically important round number and also an area of former resistance observed between November 2024 and January 2025. Should momentum continue, the next projected target would be around $160, based on a measured move from the recent flag pattern.
NVDA stock price dynamics (April 2025 - June 2025). Source: TradingView
On the downside, $130 serves as initial support. This price aligns with the lower boundary of the recent consolidation zone and also coincides with the 20-day exponential moving average. Below that, $121 emerges as a more critical level, where Nvidia previously encountered resistance that later turned into support. A failure to hold these zones would likely result in a test of $115, just above the 50-day moving average, and a breakdown below this could threaten the broader uptrend.
AI demand and international expansion support valuation
Nvidia’s recent technical strength is underpinned by a robust fundamental backdrop. The company continues to benefit from surging demand for artificial intelligence (AI) infrastructure, particularly from hyperscale cloud providers and enterprise customers investing in generative AI capabilities. In its latest earnings release, Nvidia reported a staggering 69% year-over-year revenue increase, driven by record data center sales. For the first fiscal quarter, revenue came in at $44.06 billion, well above consensus expectations.
AOL’s recent coverage emphasized that Nvidia’s value is no longer solely dependent on AI hype. Instead, its entrenched position in the semiconductor supply chain—particularly as the de facto standard in GPU acceleration—gives it considerable pricing power and defensibility. Moreover, the company is diversifying its operations geographically and technologically. Nvidia has announced a new AI research center in the United Kingdom, aimed at tapping into regional talent pools and reducing its dependence on any single jurisdiction.
Geopolitical risks, particularly surrounding U.S.-China technology trade relations, have moderated somewhat, providing further room for sentiment improvement. Strategic partnerships with Amazon, Microsoft, and Oracle have also added to Nvidia’s long-term credibility in the enterprise space.
Momentum favors a move toward $160
Given the strong technical structure, favorable earnings momentum, and bullish sentiment in the broader AI and semiconductor sectors, Nvidia is well-positioned for further gains. A close above $143 would confirm the breakout and likely trigger algorithmic and discretionary buying, pushing the stock to the $150 level. If trading volumes remain strong and external market conditions stay favorable, Nvidia could reach $160 over the next few weeks.
However, investors should monitor key support levels closely. A drop below $130 would dampen the bullish outlook, and a move below $121 could signal a deeper retracement. Nonetheless, the prevailing trend remains upward, and Nvidia appears to be consolidating for another leg higher, supported by a combination of strong earnings, positive sentiment, and favorable technical signals.
Nvidia continues to see strong demand for its GPUs across AI, cloud, and gaming, with last quarter’s revenue surging 262% year-over-year to $26 billion. Analysts project further growth with revenue estimates of $45.59 billion this quarter and $51.78 billion by October, highlighting sustained scalability.
