Nvidia stock rises 1.7% as Deutsche Bank reiterates neutral

Traders Union
All News
Financial News
Nvidia stock rises

Highlights

- Nvidia is trading $178.68, gaining 2.1% and holding above key technical support levels.

- Deutsche Bank reiterated its ‘Hold’ rating ahead of the August 27 earnings report, citing stretched valuation despite strong AI leadership.

- Technical indicators remain bullish, but short-term consolidation is possible without a fresh catalyst.

The price is now above the 20-day EMA ($176.98) and significantly higher than the 50-day EMA ($166.82) and the 200-day EMA ($136.80), which signals a well-established upward trend. The 10-day EMA ($178.20), however, sits slightly above the current price, suggesting immediate resistance may hold in the very short term. The MACD (Moving Average Convergence Divergence) indicator stands at 2.92, continuing to reflect upward momentum, while the RSI (Relative Strength Index) is at 55.63—indicating that the stock is neither overbought nor oversold.

Pivot point analysis shows the classic pivot at $175.23. Resistance levels are defined at $176.65, $178.32, and $179.74. These are near-term ceilings that could challenge upward movement unless there is a strong catalyst. On the downside, support levels are clustered around $173.56, $172.14, and $170.47—reinforcing a stable base in the event of short-term weakness. Volume has also surged, with more than 172 million shares traded on Friday. The high trading volume suggests institutional interest remains robust.

Nvidia stock price dynamics (June 2025 - August 2025). Source: TradingView

Market Chameleon data places intraday support at $171.94 and resistance at $178.86, closely aligning with broader pivot data and confirming current technical parameters. The long-term bullish alignment remains validated by the golden cross pattern—where the 50-day moving average stands above the 200-day, signaling strong upward bias. This structural formation typically supports further gains unless interrupted by macroeconomic events or sharp earnings surprises.

Deutsche Bank reiterates 'Hold' as valuation concerns loom

While technicals remain strong, concerns over valuation are tempering excessive bullishness ahead of Nvidia’s Q2 earnings report, scheduled for August 27. On August 23, Deutsche Bank reiterated its ‘Hold’ rating on the stock, citing elevated expectations and stretched valuation, despite Nvidia’s dominant leadership in the AI semiconductor space.

Analysts highlighted the company’s critical role in powering large language models and hyperscale data centers, but also warned that Nvidia’s forward earnings multiple may leave little room for upside without a meaningful beat-and-raise. The reiteration of a neutral stance suggests that much of the AI-driven optimism could already be priced in after a strong YTD performance.

The upcoming earnings release is now the central focus for traders and institutional investors. Wall Street anticipates robust year-over-year growth in data center revenue, driven by accelerating demand for AI training infrastructure. However, any signs of slowing order growth, macro pressures such as U.S. chip export restrictions, or weaker-than-expected guidance could limit immediate upside—even in the case of a headline beat.

Short-term price scenarios: breakout or consolidation

Given the current technical setup, Nvidia is poised for two likely near-term scenarios. In a bullish continuation, the stock could break above immediate resistance near $180 and aim for the $185–$190 range within the next one to two weeks. For this to materialize, Nvidia would need either a favorable macro tailwind or renewed institutional buying interest, possibly triggered by analyst upgrades or new product announcements.

In a more neutral scenario, Nvidia consolidates in the $175–$180 range, as traders digest the recent earnings and Deutsche Bank’s cautious outlook. Support in the $172–$174 zone would remain intact unless bearish catalysts surface. A bearish case, while less probable, involves a break below $172. This could send the stock toward its 50-day EMA at $166.82, especially if macro sentiment worsens. However, technical strength and long-term trend indicators suggest this outcome is unlikely without a significant external shock.

Despite Nvidia’s recent two-week pullback, analysts are raising price targets ahead of its earnings report, reflecting confidence in its AI leadership. Susquehanna, KeyBanc, and TD Cowen now project 12-month targets of $210, $215, and $235, respectively, driven by expected demand for the upcoming Blackwell chip architecture.

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.