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.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.