Nvidia stock dips to $164 as AI rally cools after Huang $4T milestone remarks
Nvidia continues to benefit from strong demand in the data center space
As of July 15, Nvidia stock is trading at $164.07, down 0.5% in the last 24 hours, after reaching an intraday high of $165.96.
The stock continues to trade near all-time highs after a powerful rally driven by investor enthusiasm for artificial intelligence.
Highlights
- Nvidia stock is consolidating near all-time highs at $164 after a brief dip, holding strong technical support at $160.
- CEO Jensen Huang’s comments on expanding into AI infrastructure and robotics continue to bolster long-term investor confidence.
- The stock remains poised for a breakout toward $175–180 if current support holds and momentum resumes.
Nvidia remains in a strong uptrend, consolidating just below recent highs. The stock has shown remarkable strength since breaking above the $500 level earlier this year and accelerating toward the $1,000 level after its stock split. Adjusted for the split, Nvidia is now trading just over $164, and the price action continues to form a tight consolidation pattern above its 20-day exponential moving average. This type of price structure often precedes further upside, as the market digests gains before continuing the trend.
Support is clearly established around $160, which acted as resistance earlier this summer before the breakout. A move below this level would trigger caution, possibly opening the door to a deeper retracement toward $150, which aligns with the rising 50-day moving average. However, as long as the $160 level holds, the technical momentum remains intact. On the upside, near-term resistance is seen at $170, with more significant targets at $175 and $180.
Nvidia stock price dynamics (May 2025 - July 2025). Source: TradingView
Volume has slightly declined in recent sessions, which reflects consolidation rather than weakness. RSI and MACD indicators on the daily chart remain in positive territory but are no longer in overbought zones, giving the stock room to rally further. A breakout above $166 on a strong volume day would likely invite momentum traders to re-enter, pushing the stock toward the next resistance levels quickly.
General market context
Nvidia continues to dominate headlines in both the semiconductor and AI industries. On July 9, Nvidia became the first company to reach a $4 trillion market capitalization, briefly surpassing Microsoft and Apple, though it settled back slightly in the days that followed. The milestone underscores Nvidia’s leading role in the AI revolution, with its GPUs powering everything from cloud infrastructure to robotics.
CEO Jensen Huang’s recent interviews and public remarks have reinforced the bullish narrative around Nvidia’s AI roadmap. He highlighted the company’s upcoming focus on robotics and AI infrastructure, areas where Nvidia sees exponential growth in the next decade. These statements have added fuel to investor optimism, particularly among institutional buyers looking to gain exposure to the long-term AI buildout.
Moreover, Nvidia continues to benefit from strong demand in the data center space, which is experiencing explosive growth thanks to generative AI adoption. Wall Street analysts remain highly positive, with firms like Morgan Stanley, BofA Securities, and Goldman Sachs reiterating buy ratings and raising their price targets. While there are ongoing regulatory concerns around export restrictions and potential antitrust reviews, these risks have been largely discounted in the current valuation as investors focus on fundamentals and future growth.
Price forecast and scenarios
Looking ahead to the next few weeks, Nvidia is likely to resume its upward trajectory if the $160 support level holds. The base case scenario anticipates a breakout above $166, leading to a test of the $175 area. Given the current pace of AI development and Nvidia’s central role in that ecosystem, a move to $180 is highly plausible within the next month.
In a bullish scenario, continued enthusiasm around Nvidia’s AI roadmap and a favorable earnings report in August could lift the stock toward the $200 psychological level. This would likely require confirmation via strong volume and broader market support. On the downside, a breakdown below $160 could signal a pullback toward $150, though this would likely be seen as a buying opportunity by long-term investors.
Nvidia's broader outlook remains highly bullish, fueled by its dominant position in the AI chip market and surging demand for its Blackwell architecture. The company recently hit a $4 trillion market cap, with major analysts maintaining buy ratings and targets between $177 and $200.
