BREAKING: Nvidia just surged +5%, adding $210 Billion to its market cap today.



For the past few days, Nvidia was falling and getting very close to a level where things could have turned ugly.

That level was around $164. If it broke below that, it could have triggered a much bigger drop.

But it didn’t as Buyers stepped in right at that point and pushed the price back up.

That is why we saw Nvidia jump today. When a stock holds an important level like this, big money starts buying again. That buying then pulls the rest of the market with it, especially tech.

But the story is not over yet.

Right now Nvidia is sitting just below the next key zone around $175–$180.

And there are two scenarios from here:

1. If it can move above that and stay there, this bounce becomes stronger.

2. If it fails there, the price can come back down again and test $164 one more time.

And that second test is always more risky than the first one. There is one more thing driving this.

Markets are reacting to news around Iran and the U.S. talking about reducing tensions. That is helping stocks move up for now. But nothing is final yet.

If those talks slow down or break, the same stocks can drop again very fast. So right now, this is the situation:

Nvidia held a key level → buyers stepped in → market bounced

Now it needs to prove that this move can continue.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin