Nvidia Breaking Out After CES Speech

Nvidia, the leader in making graphic processing units (GPUs), sells into many of the most bullish themes in technology. These trends include autonomous driving, artificial intelligence, machine learning, gaming, and data centers. The stock as been on a tear in recent years and looks poised to continue its upward trajectory. Nvidia broke out today after the CEO, Jen-Hsun Huang, gave the keynote speech at the consumer electronics show. The former line of resistance is now a floor of support, but if Nvidia closes below that line at ~$217.