+1.22% for Nvidia stock as Trump rejects AI slowdown in Nvidia call

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Nvidia rises 1.22% to $214.75 today

Highlights

US President Trump dismissed concerns about AI industry risks in a call with Nvidia's CEO, stating that data center expansion fears are a hoax.
This public support from the US government positions Nvidia as a leading beneficiary in the current AI investment cycle.
Nvidia stock closed up 1.22% at $214.75, with technical indicators showing short-term selling dominance and a trading range forecast of $208.26 to $221.24 over the next 2 to 3 days.

Political endorsement boosts sentiment as AI narrative strengthens

US President Donald Trump publicly rejected the notion of an AI industry slowdown and labeled concerns over data center expansion as a 'hoax' in a call with Nvidia CEO Jensen Huang, according to Businesstoday. The endorsement from the highest political level signals strong government backing for Nvidia's core markets, which can improve sector sentiment and help counter regulatory or market skepticism. This statement positions Nvidia as a favored player in the ongoing AI investment narrative and may contribute to recent buying interest.

Bearish momentum and resistance persist as technicals weaken

On the H4 timeframe, NVDA trades below its MA-20 at $221.19 and MA-50 at $219.92, with the daily chart showing price still above the MA-200 at $197.78. The Ichimoku Kijun on D1 stands at $221.85, forming immediate resistance. Technical indicators reflect broad weakness: MACD is in Sell mode and ADX is Neutral, while RSI, Stoch RSI, CCI, and Bull/Bear Power all flag oversold conditions, pointing to strong short-term selling pressure. Awesome Oscillator also gives a Sell signal, confirming the predominance of bearish momentum despite the recent rebound.

Rangebound outlook prevails as volatility meets technical selling

In the short term, NVDA is likely to consolidate within the $208.26 to $221.24 range over the next two to three days, with a 64% probability of continued declines versus a 36% chance of further gains. If the price breaks above $221.85, upward momentum could accelerate, while a move below $208.26 would confirm a resumption of the downtrend. This forecast reflects typical volatility and the prevailing balance between technical pressure and intermittent buyer responses.

Anton Kharitonov, expert at Traders Union, notes that Nvidia’s price rebound is not supported by underlying technical signals. He highlights that strong government support, as shown by President Trump's call with the Nvidia CEO, may stabilize sentiment but does not override broad short-term selling pressure. The technical setup still points to a likely consolidation within the $208.26 to $221.24 range. "Until NVDA reclaims clear resistance above $221.85, I remain skeptical about any sustained upside here."

Earlier, analysts noted that Nvidia was highly sensitive to macroeconomic shifts and potential policy announcements, contributing to an environment of heightened trading volatility. With recent political developments lending robust external support, traders should monitor whether Nvidia can sustain its position above the $208.26–$221.24 consolidation zone as the next move may hinge on broader policy cues or a decisive technical breakout.

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

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