Nvidia stock lifts 1.1% as Uber partnership drives AI narrative

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Nvidia stock lifts

Highlights

- Nvidia stock climbed 1.1% following news of a strategic AI partnership with Uber.

- The deal strengthens Nvidia’s position in the autonomous technology space and reinforces investor confidence in its AI leadership.

- However, ongoing export restrictions and regulatory challenges may limit near-term upside.

From a technical perspective, Nvidia (NVDA) is trending strongly upward but is showing early signs of short-term exhaustion. The current trading range sees support forming around $170–175, a level tested in early October and again during mild profit-taking episodes. Resistance is building near the $190–195 zone, which corresponds to recent intraday highs and psychological resistance levels.

Nvidia’s price remains well above both the 50-day and 200-day simple moving averages, indicating sustained bullish momentum. The 50-day MA is estimated near $165, while the 200-day MA likely trails near $125, showing how steep the upward curve has been in 2025. However, this wide gap suggests the stock may be overextended in the near term. Oscillators such as the Relative Strength Index (RSI) are likely hovering near the 70 level, signaling overbought conditions.

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

Volume continues to support the rally, with over 111 million shares traded intraday, significantly above the 30-day average. Still, traders should be cautious: previous rallies in similar AI-fueled tech stocks have shown that when momentum stalls, pullbacks can be sharp. As long as Nvidia holds above $170 on daily closes, the bullish trend remains technically valid. A breakdown below that support would open room toward $155–160 as the next demand zone.

AI partnership with Uber bolsters narrative

Nvidia continues to command the AI infrastructure market, with recent quarterly revenue hitting $46.7 billion, up more than 56% year-over-year. The company’s data center segment — the core of its AI strategy — generated roughly $41 billion, underscoring its dominance in training and inference for large language models and enterprise AI tools. Nvidia’s expanding use cases beyond gaming are evident in its AI cloud offerings (DGX Cloud), which enable partners to tap into scalable GPU clusters for accelerated computing.

This week’s announcement of a partnership with Uber has boosted investor sentiment. The collaboration will focus on leveraging Nvidia’s AI computing power to enhance Uber’s autonomous vehicle simulation and data infrastructure. This signals Nvidia’s growing role not just as a chip supplier, but as an end-to-end AI systems provider. Uber shares jumped on the news, but the real strategic value lies in Nvidia’s ability to embed itself deeper into the enterprise AI ecosystem.

However, not all news is bullish. Nvidia is facing mounting regulatory headwinds, particularly around U.S. export controls. The company recently warned that it expects no revenue contribution from its H20 AI chip sales to China in the next quarter, due to tightened U.S. export restrictions. These curbs come at a time when Chinese demand for high-end AI chips remains strong, but access is being limited by geopolitical tensions. The exclusion of H20 revenue from forward guidance is a direct acknowledgment of this regulatory overhang.

Bullish scenarios point to $210 on sustained AI optimism

In the base case scenario, if Nvidia continues to trade above the $170–175 support zone, the current rally could extend toward the $190–195 resistance band over the next 4–8 weeks. This scenario assumes continued investor confidence in AI infrastructure spending and no deterioration in U.S.–China trade dynamics. The sustained strength above key moving averages supports this outlook, especially as institutional buying remains elevated.

In the bull case scenario, a break above $195 could trigger a fresh leg higher toward $210 by year-end, especially if Nvidia releases strong guidance or signs another strategic deal with a major tech firm. In this scenario, total upside from current levels would approach 15%. Such a breakout would likely be accompanied by a surge in volume, confirming broad market conviction in Nvidia’s AI growth story.

Nvidia’s $20 billion GPU deal with Elon Musk’s xAI highlights its continued dominance in the AI infrastructure space. While the financial impact will be spread over several quarters, the agreement reinforces Nvidia’s position as the go-to hardware supplier for large-scale generative AI projects.

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