Nvidia Price Levels to Watch As Stock Hits Record Highs

5 minutes ago

Nvidia (NVDA) shares hit an all-time high Tuesday morning after CEO Jensen Huang provided several important technology updates last night during his keynote address at the CES 2025 conference in Las Vegas.

During the highly anticipated event, Huang unveiled next generation AI-powered gaming chips, introduced technology that speeds up the training of robots, launched the chipmaker’s first desktop computer and announced a deal with Japanese automaker, Toyota (TM).

Nvidia is coming off another banner year during which insatiable demand for AI infrastructure helped drive its stock price up about 170%. Those gains followed a more than three-fold increase in 2023.

Nvidia shares were up 0.3% at around $150 in recent trading, after hitting a high of $153.13.

The stock broke out above the top trendline of a descending channel on Friday, with bullish momentum continuing into Monday’s trading session ahead of Huang’s address.

Investors should watch key overhead areas on Nvidia’s chart around $150 and $225, while also monitoring major support levels near $140 and $130.

Read the full technical analysis piece here.

–Timothy Smith

Futures Point to Modest Gains for Major Indexes

1 hr 13 min ago

Futures tied to the Dow Jones Industrial Average were up 0.2%.

S&P 500 futures rose 0.1%.

Nasdaq 100 futures were up less than 0.1%.