Analyst: Amid domestic and external challenges, NVIDIA (NVDA.US) is 'holding firm' at its technical confluence zone—$190 may become the 'linchpin' of AI market confidence. - Moomoo

Amid domestic and external challenges, NVIDIA (NVDA.US) is holding firm at a critical technical support zone around $190–$192, where multiple key indicators converge, including the 200-day moving aver... Read original →

NVIDIA's stock is holding firm near the $190 support zone, where key technical levels converge—200-day MA, 61.8% Fibonacci retracement, and prior swing lows. This confluence signals strong buyer interest and reinforces NVIDIA’s central role in the AI chip ecosystem. Despite a broad semiconductor sell-off, its resilience indicates market confidence in its long-term growth trajectory. The potential $250B financing deal with OpenAI underscores its strategic importance in hyperscale AI infrastructure, especially amid global supply chain uncertainties. Competitors like AMD and Apple may accelerate in-house chip development to counter NVIDIA’s dominance. Over the next 12–24 months, sustained demand for AI compute will likely push NVIDIA’s valuation higher, potentially breaching $200, and catalyzing broader industry revaluation.