Nvidia stock rises 1.9% on AI GPU demand surge
CEO Jensen Huang emphasized the accelerating transition toward AI computing
Nvidia (NASDAQ: NVDA) continues its upward momentum, advancing 1.9% to reach $144.69 on June 17.
The stock has surged nearly 50% from its April lows, fueled by a combination of technical strength and AI-driven market enthusiasm.
Highlights
- Nvidia stock broke past key resistance at $143, closing at $144.69 with a 1.9% gain driven by surging AI GPU demand.
- Technical indicators such as a golden cross, rising volume, and strong RSI support a bullish outlook.
- The stock is now targeting $150 in the short term, with potential to reach $160 if momentum continues.
Currently, Nvidia has surpassed the crucial resistance at $143, breaking out of a consolidation range that had capped gains for weeks. From a technical perspective, Nvidia has formed a classic bullish flag pattern, confirming a breakout with strong volume. Notably, a golden cross has recently occurred, with the 50-day moving average (MA) overtaking the 200-day MA—an indication of a bullish long-term trend. Momentum indicators also support this breakout: the Relative Strength Index (RSI) is approaching overbought territory but remains below extreme levels, suggesting continued room for upside.
Key resistance levels are now observed at $150, a psychological and historical barrier that could trigger profit-taking. Should NVDA break above this level with solid volume, the next target lies around $160, which aligns with a long-term Fibonacci extension and bullish projection based on recent price patterns. On the downside, support is seen around $130, near the lower boundary of the recent flag pattern, followed by a stronger floor at $121, which marks the highs of September 2024 and served as resistance turned support.
NVDA stock price dynamics (April 2025 - June 2025). Source: TradingView
In addition, Nvidia is currently trading well above its 20-day exponential moving average (EMA) at $137.85, indicating strong short-term momentum. The 50-day simple moving average (SMA) sits at $133.62, while the 200-day SMA is at $124.30—both well below the current price and reinforcing the prevailing bullish trend. The MACD (Moving Average Convergence Divergence) line remains in positive territory above its signal line, confirming bullish momentum, while the Bollinger Bands are widening—often a sign of increased volatility and potential for further directional movement.
AI optimism and partnerships continue to drive market sentiment
The current rally is deeply rooted in Nvidia’s position at the center of the artificial intelligence (AI) revolution. The company reported an exceptional 69% year-over-year jump in first-quarter revenue, reaching $44.06 billion. This performance beat analyst expectations and reassured investors after a challenging 2024 that included regulatory pressures.
A key tailwind is Nvidia’s dominance in the AI GPU market, which has seen exponential demand from tech firms building out AI infrastructure. CEO Jensen Huang emphasized the accelerating transition toward AI computing, highlighting it as a new industrial revolution. Analysts continue to raise earnings estimates for the next fiscal quarter, anticipating increased hardware deployments across global data centers.
Additionally, Nvidia’s recent $4.5 billion inventory charge due to U.S. restrictions on high-end chip sales to China was digested better than expected. The market appears to have priced in the impact, viewing it as a temporary obstacle rather than a systemic threat to Nvidia’s growth.
$150 test imminent, eyes on $160 breakout
Looking ahead, the near-term outlook for Nvidia is decidedly bullish. The breakout above $143 has cleared a major hurdle, and if the stock maintains momentum, it is likely to test the $150 level within the week. This resistance will be critical; a clean breakout supported by volume could set the stage for a move toward $160, particularly if broader market conditions remain constructive.
Investors should monitor price action around $150 closely. A failed attempt could lead to a pullback toward $130 or even $121 in a risk-off scenario. However, barring unexpected macroeconomic headwinds or regulatory surprises, the bullish trend appears intact. Technical indicators, earnings momentum, and favorable sector dynamics all support continued upside.
Nvidia’s dominance in AI hardware, especially its H100 and A100 GPUs, continues to anchor its stock value amid strong global demand. Its new AI research lab in the UK reinforces its strategic leadership and deepens ties with academia and industry partners.
