Nvidia’s Stock Eyes $200—China Woes Be Damned
Nvidia’s chart is flashing bullish signals, with analysts eyeing a $200 price target despite recent setbacks in China. The tech giant’s resilience has traders betting big—because when has Wall Street ever let geopolitical friction get in the way of a good rally?
Technical indicators suggest the stock’s primed for a breakout, even as export restrictions loom. Meanwhile, hedge funds are already positioning for the pump—after all, nothing moves markets like blind optimism and FOMO.
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Resistance remains around the $143.60 level, while the 50- and 200-day moving averages continue to act as strong technical support. However, the pattern’s success will hinge on the stock holding above these levels in the coming weeks.
On the momentum front, the Relative Strength Index shows signs of bearish divergence—a cautionary signal suggesting a short-term slowdown despite recent highs. A similar setup in late 2024 was followed by a healthy consolidation before a breakout.
Even with geopolitical and inventory challenges on the radar, investor sentiment remains upbeat. Analysts across Wall Street have reiterated their bullish outlooks, betting on Nvidia’s dominance in the AI space to drive continued growth.
