Nvidia stock gains 1.5% as CEO Huang donates $100M
Nvidia’s continued inclusion in prominent investment lists, such as the IBD 50, supports its reputation as a high-growth leader
As of May 13, Nvidia stock is trading at $145, up 1.5% in the past 24 hours.
This continued strength reinforces the bullish momentum seen over recent weeks. The stock is trading above its short- and medium-term moving averages.
Highlights
- Nvidia stock is trading at $145, up 1.5%, supported by bullish technical indicators and strong institutional interest.
- CEO Jensen Huang’s $100 million donation underscores confidence in the company’s future and aligns with its AI leadership strategy.
- With resistance near $150 and a breakout likely, the stock could target $160 in the near term.
The 10-week moving average, often used to gauge medium-term trends by institutional investors, is also sloping upward, suggesting that large market participants remain confident in Nvidia’s trajectory. The Relative Strength Index (RSI), currently hovering in the 65–70 range, indicates strong momentum but also hints that the stock is nearing overbought conditions. While not yet triggering reversal signals, traders should monitor this level for potential short-term consolidation.
From a pattern perspective, Nvidia is forming a solid base with higher lows, a sign of steady accumulation. The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, where the MACD line remains above the signal line. This reinforces the current uptrend and suggests further upside potential.
NVDA stock price dynamics (April 2025 - June 2025). Source: TradingView
On the downside, the nearest support levels are at $140 and $135. A breakdown below $135 could see the stock testing the 50-day SMA near $130, but such a move would likely require a broader market pullback. Resistance levels lie at $150 and the recent all-time high at $153.13. If Nvidia clears these levels convincingly, the stock could enter a new leg higher.
AI leadership and strategic moves underpin growth outlook
Nvidia's current rally is grounded not only in technical strength but also in significant developments within its business and the broader tech sector. The company remains at the forefront of the artificial intelligence (AI) revolution, benefiting from growing demand for data center infrastructure, GPUs, and AI-specific chipsets. This positioning has allowed Nvidia to emerge as a cornerstone in AI-driven workflows across industries from healthcare to autonomous vehicles.
Recent news adds another layer to Nvidia’s narrative. On June 12, CEO Jensen Huang announced the launch of the Huang Charitable Foundation, which will donate $100 million in Nvidia stock to fund science education and public service. This philanthropic initiative underscores the leadership’s confidence in the long-term value of Nvidia shares and aligns with the company's broader mission of empowering innovation through technology.
Additionally, the company's move to establish a dedicated AI research hub in the UK demonstrates its global ambition and long-term strategy to dominate AI hardware and software platforms. Combined with robust earnings forecasts—analysts project fiscal 2026 earnings will rise by approximately 45 percent—investor confidence is likely to remain high.
Nvidia’s continued inclusion in prominent investment lists, such as the IBD 50, further supports its reputation as a high-growth leader. This consistent visibility among growth-focused investors tends to provide additional liquidity and price support, especially in risk-on market environments.
Nvidia eyes breakout to new highs
Given the convergence of strong technical indicators and bullish fundamentals, Nvidia stock appears poised to continue its upward trajectory. In the near term, the price is likely to retest the $150 level. A clean breakout above this resistance would open the path to retaking the all-time high at $153.13. If this level is surpassed, Nvidia could target the $160 mark as the next psychological resistance.
Short-term traders should monitor the RSI and volume patterns around key levels. A high-volume breakout above $150 would be a strong bullish confirmation. Conversely, if the stock fails to maintain momentum and drops below $140, it may signal a temporary cooling phase.
Nvidia announced partnerships with major European telecoms like Orange, Telefónica, and Telenor to advance AI-driven services and edge data processing. This move strengthens Nvidia’s role as a strategic infrastructure partner across Europe’s digital landscape.
