Nvidia stock hits $155 and extends run of all-time highs

Highlights

- Nvidia stock reached a new all-time high of $155.09, extending its sharp rally fueled by AI optimism.

- Technical indicators remain bullish, with strong support at $150 and resistance at $160.

- Analysts project further upside, with targets as high as $250 amid growing AI infrastructure demand.

Nvidia's stock has maintained a sharp upward trajectory, gaining more than 60% from its April 4 low of $96.90. On June 25, the stock touched a new all-time high of $154.31 and has since broken above that level. The bullish technical pattern is reinforced by several indicators.

The 50-day simple moving average is currently at $127.76, and the 200-day average is at $128.67, both well below the current price. This spread indicates sustained upward momentum with a strong bullish bias. The Relative Strength Index (RSI) sits at 67.32, just below the overbought threshold of 70, suggesting there could be additional room for upward movement, although a short-term cooldown cannot be ruled out.

NVDA stock price dynamics (April 2025 - June 2025). Source: TradingView

The Moving Average Convergence Divergence (MACD) is in positive territory at 6.29, with a widening gap between the MACD line and the signal line. This configuration typically supports continued bullish movement. Volume has remained elevated compared to historical averages, another sign of strong market interest. Key support is seen at $150 and again at the $130 level, which acted as a base during the May consolidation.

Market context: AI revolution underpins Nvidia’s leadership

Nvidia’s recent surge is fundamentally driven by its dominant position in the generative AI and machine learning industries. Analyst Ananda Baruah from Loop Capital recently raised his price target for Nvidia to $250, emphasizing that the market is entering what he termed a "Golden Wave" of AI innovation and adoption. This optimism is grounded in Nvidia's unmatched lead in AI semiconductor design, particularly through its H100 and upcoming Blackwell GPU architecture.

The company's partnerships continue to deepen its technological moat. It has announced collaborative projects with CoreWeave, Hewlett Packard Enterprise, and several European tech firms to build out AI computing infrastructure and tailor AI solutions for diverse global markets. These partnerships aim to accelerate deployment across sectors such as finance, healthcare, and logistics.

Moreover, CEO Jensen Huang recently noted that robotics and autonomous systems could become Nvidia’s next major growth vertical, adding a compelling long-term dimension to the AI story. Demand from hyperscale cloud providers and governments for AI supercomputers is expected to remain strong throughout 2025 and into 2026, providing a tailwind for revenue and earnings.

Risk-reward remains favorable for bulls

Looking ahead, Nvidia appears well-positioned to extend its gains, assuming the broader tech rally continues and AI-related enthusiasm remains high. If momentum sustains, Nvidia could break above the $160 resistance level within the next 1–2 weeks, potentially reaching $170 by mid-July.

However, with RSI near overbought territory, traders should remain alert to the possibility of a short-term pullback. A drop below the $150 level might signal a deeper retracement, with $130 serving as a key medium-term support.

Nvidia's sharp rebound is driven by sustained demand for AI, where it leads with its high-performance Blackwell GPUs. A new multi-year deal with a Saudi AI startup highlights expanding global interest beyond Western markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.