$NVDA is currently trading around $215.36, with the stock still below its recent record high. �
Investopedia +1
The overall structure remains bullish, but volatility is elevated ahead of NVIDIA’s Q2 FY2027 earnings on August 26. The company previously reported strong AI-driven growth, including Q1 revenue of $81.6B and Data Center revenue of $75.2B. �
tradingkey.com
For the next move, the $218-$220 area is important resistance. A sustained breakout could put the previous high near $236.54 back into focus. On the downside, $205-$200 is an important support area. �
Investopedia +1
The biggest catalyst is earnings. NVIDIA is guiding for approximately $91B revenue for the quarter, so the market will be watching both the results and forward guidance closely. �
tradingview.com
Overall outlook: BULLISH 📈, but expect potentially large moves around earnings.
#TrumpPressesCongressToPassClarityAct #SamsungToAnnounceNewShareholderReturnPlanFriday #SpotGoldHitsHighestSinceMay15 #BitcoinBestWeekSinceMarch2023 #USRefinersFaceLoomingCrudeSupplyDrop
Investopedia +1
The overall structure remains bullish, but volatility is elevated ahead of NVIDIA’s Q2 FY2027 earnings on August 26. The company previously reported strong AI-driven growth, including Q1 revenue of $81.6B and Data Center revenue of $75.2B. �
tradingkey.com
For the next move, the $218-$220 area is important resistance. A sustained breakout could put the previous high near $236.54 back into focus. On the downside, $205-$200 is an important support area. �
Investopedia +1
The biggest catalyst is earnings. NVIDIA is guiding for approximately $91B revenue for the quarter, so the market will be watching both the results and forward guidance closely. �
tradingview.com
Overall outlook: BULLISH 📈, but expect potentially large moves around earnings.
#TrumpPressesCongressToPassClarityAct #SamsungToAnnounceNewShareholderReturnPlanFriday #SpotGoldHitsHighestSinceMay15 #BitcoinBestWeekSinceMarch2023 #USRefinersFaceLoomingCrudeSupplyDrop
