NVIDIA’s rally since April was powered by AI infrastructure demand and a rebound in risk sentiment after tariff and export-control concerns were digested. Strong hyperscaler capex and global AI partnerships reinforced the bottom-up story, while a broader tech bid lifted growth equities. Yet, the same catalysts pose risks: valuation stretch, regulatory noise, and questions on AI monetisation timelines leave room for volatility.
Technical Lens:
Price action suggests NVDA is tracking a larger wave (3). However, the sub-wave structure remains unproven, with only a shallow 23.6% retracement, leaving scope for further correction. Current consolidation sits at a decision point, supported by RSI, which remains mid-range with room to extend higher.
Scenarios:
If breakout holds: Momentum can carry into the next impulsive leg of wave (3), supported by structural demand.
If breakout fails: Price could rotate lower toward the anchored VWAP from April 2025 lows, a key support zone.
Catalysts:
Ongoing AI-driven hyperscaler spend and sovereign partnerships (upside).
Renewed U.S.–China export restrictions or capex digestion (downside).
Macro policy shifts and market positioning into year-end.
Takeaway:
This is a consolidation decision point within wave (3). Breakout = continuation, failure = correction toward April VWAP support.
Technical Lens:
Price action suggests NVDA is tracking a larger wave (3). However, the sub-wave structure remains unproven, with only a shallow 23.6% retracement, leaving scope for further correction. Current consolidation sits at a decision point, supported by RSI, which remains mid-range with room to extend higher.
Scenarios:
If breakout holds: Momentum can carry into the next impulsive leg of wave (3), supported by structural demand.
If breakout fails: Price could rotate lower toward the anchored VWAP from April 2025 lows, a key support zone.
Catalysts:
Ongoing AI-driven hyperscaler spend and sovereign partnerships (upside).
Renewed U.S.–China export restrictions or capex digestion (downside).
Macro policy shifts and market positioning into year-end.
Takeaway:
This is a consolidation decision point within wave (3). Breakout = continuation, failure = correction toward April VWAP support.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.