Key Insights
- •NVIDIA (NVDA) stock stayed firm after record revenue of $57 billion and strong AI demand.
- •A 12% rise above $208 is needed for the chart to turn fully positive.
- •Falling under $178 delays the move that analysts expect toward higher targets.
NVIDIA (NVDA) stock has stayed strong even as the trading community worries that the AI market is forming a bubble. The company’s new results were very optimistic.
Revenue reached $57 billion, which is 62% higher than last year. Profit came in at $1.30 per share. The Data Center unit made $51.2 billion, which shows how much the world is spending on AI computers. All these points contribute to fundamental strength.
The company also expects $65 billion in revenue next quarter. This tells traders that demand for AI chips is still growing, not slowing.
However, even with these big numbers, the NVDA stock must still clear one price level before it can move with full strength again.
NVIDIA (NVDA) Stock Numbers Might Have Weakened AI-Bubble Fears
Many large investors have been worried that money flowing into AI is too fast to be safe. Some even sold their positions before the results. But the latest Nvidia (NVDA) report told a different story.
The chip maker said that demand for its chips remains very high. Cloud companies, research labs, and large tech firms continue to buy more units every quarter.
Nvidia CEO also said orders for the new Blackwell chips are stronger than anything they have seen before. All of that can be seen on the financial sheet.
This has helped the stock remain stable even when other technology stocks showed weakness. It also explains why many traders now think the “AI bubble” fear may not match what the earnings show.
NVDA Stock Charts Show Strength
The Nvidia stock chart gives a simple signal. Between 22 October and 18 November, NVDA stock made a higher low, while the RSI made a lower low.
RSI is a tool that checks buying and selling strength. When price holds firm but RSI falls, it can mean sellers are losing power.
Even with this signal, one number still decides the short-term direction. NVIDIA stock needs a 12% rise to move above $208.
This level has stopped the stock price before. A clean close above $208 can open the next zone for NVDA stock near $226, which matches some analyst models for early movement.
If the stock falls below $178, the setup doesn’t hold strong. That level has been an important floor for many months. A break under it can delay any attempt to test $208.
Analysts Stay Bullish As Long as NVIDIA Stock Holds Above $178
Analyst views remain very strong. One major platform shows 37 buy ratings, 1 hold, and 1 sell for the Nvidia stock.
The average target for NVDA stock sits near $243, and some of the highest calls go up to $350.
Their reason is simple. AI spending is still rising.
Data centers continue to buy new chips because the jobs they run keep getting larger. NVIDIA also said profits in the next year may even be bigger than the full sales of some of its biggest rivals.
This is why analysts think the company can still grow even after a strong year.
But the Nvidia stock price has to confirm it. Staying above $178 keeps the base strong.
Moving above $208 shows buyers are ready for the next leg. Until then, the NVDA stock may move sideways as traders wait for a clear direction.