Nvidia is rising today: what traders are watching

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Nvidia Surges 5.25% to $201.55 Today

Highlights

Nvidia CEO Jensen Huang delivered the GTC keynote in Washington, D.C. on October 28, 2025, marking a strategic venue shift for the flagship event.
The conference underscored Nvidia’s ongoing industry leadership and deepening engagement with U.S. policymakers at a federal level.
No major product launches or new partnership announcements were confirmed during the Nvidia GTC event.

Investor focus shifts as GTC underscores strategy amid lack of launches

Nvidia CEO Jensen Huang delivered the keynote at the Nvidia GTC in Washington, D.C. on October 28, 2025, marking a strategic shift in venue for the company’s flagship event. The conference highlighted Nvidia’s continued industry leadership and ongoing engagement with policymakers. No major product launches or partnership announcements were confirmed during the event.

Anton Kharitonov, expert at Traders Union, sees Nvidia's stock maintaining strong upward momentum, trading above all major moving averages. He notes that while the GTC keynote in Washington, D.C. underscored the company’s leadership and policy engagement, the absence of fresh product or partnership announcements keeps the fundamental narrative unchanged. Kharitonov believes institutional and investor sentiment remain robust but cautious positioning is warranted given the mild overbought signals. "Despite the current optimism, I would advise watching for confirmation of new catalysts before chasing additional upside," he states.

Viktoras Karapetjanc, expert at Traders Union, analyzes NVDA's outlook within a macro context, emphasizing the symbolic move of CEO Huang’s keynote to Washington, D.C. and Nvidia’s ongoing policy engagement as signals of alignment with regulatory and institutional priorities. He observes that, despite the bullish technicals, the absence of major announcements could temper expectations in the near term, especially if global sentiment turns risk-off. "In the current environment, global market drivers and policy developments will likely have a stronger influence on NVDA’s trend than short-term technicals alone," says Karapetjanc.

Parshwa Turakhiya, analyst, remains cautious as the stock approaches the $207 resistance amid mixed momentum readings and a lack of new product catalysts. He is critical of the near-term upside, noting overbought technical conditions and little incentive from recent company news. "Given these factors, I am skeptical about sustained gains for NVDA without substantive new developments," he warns.

Uptrend strength persists despite mixed signals from momentum indicators

NVDA’s price sits comfortably above all key moving averages, reinforcing the strength of the ongoing uptrend. The nearest dynamic support is the Kijun at $184.35, with resistance seen at the MA-50 ($179.80) and the psychological level at $205. Momentum indicators are mixed — MACD is a strong buy, ADX is neutral, and RSI/CCI indicate mild overbought conditions, while Stoch RSI is neutral on the daily but overbought on shorter timeframes. Bollinger Band Positioning favors buyers, confirming prevailing bullish sentiment. The price action shows a strong move towards session highs despite mixed signals from momentum oscillators, pointing to a divergence between price strength and momentum.

Last time we reported that Nvidia and Deutsche Telekom AG announced a partnership to develop a €1 billion AI-focused data center in Germany, with the market reaction described as cautious. Analysts noted that the financial impact is expected to be gradual with limited short-term earnings contribution.

Source of Data: NVDA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.