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Nvidia (NVDA) Stock Price Enters Consolidation After Hitting New High
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Nvidia stock price is consolidating after rallying from $190.02 to an intraday high of $223.63, with profit-taking pushing shares back to around $218.80. Despite the pullback, there has been no major negative company news, and analysts view the move as a normal pause following a strong rally driven by AI demand. The company’s growth continues to be supported by robust demand for Blackwell AI chips, expanding AI infrastructure spending by major cloud providers, and expectations for its next-generation Rubin platform. Analysts are closely watching support levels at $210.65, $206.67, and $202.69, with a hold above these areas likely to keep the broader uptrend intact ahead of Nvidia’s upcoming earnings report.
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