Nasdaq 100: Nvidia at a Technical Crossroads – Inventory Market Awaits Key Sign…

If Nvidia clears $137.80 with robust quantity, the following upside goal may very well be the latest excessive of $153.13. On the draw back, failure to interrupt by means of may convey the 200-day transferring common at $124.04 again into focus.

Ought to Merchants Purchase Earlier than Earnings?

Evercore ISI analyst Mark Lipacis is bullish on Nvidia forward of its Feb. 26 earnings report. He expects a robust efficiency, citing continued demand outpacing provide for Nvidia’s high-end chips. Issues surrounding the corporate’s next-generation Blackwell chip have weighed on the inventory, however Lipacis believes these worries are overblown.

He argues that even when the B100 chip faces delays, clients will proceed shopping for the present H100 fashions, mitigating any income impression. His “tactical outperform” name suggests he anticipates a good earnings-driven transfer.

AI Competitors and Market Sentiment

Nvidia has confronted latest skepticism attributable to advances in synthetic intelligence, particularly issues that companies may develop cheaper options to its GPUs. Experiences surrounding DeepSeek, a Chinese language AI software program agency, urged that AI fashions may turn out to be extra cost-efficient, elevating questions on future GPU demand.

Nevertheless, Lipacis stays assured that Nvidia’s ecosystem is simply too superior for opponents to displace it within the close to time period. He argues that hyperscale cloud suppliers nonetheless favor Nvidia’s platform attributable to its sturdy software program ecosystem and growth instruments, estimating the corporate stays 5-10 years forward of potential rivals.

What’s Subsequent for Nvidia?

With earnings approaching, Nvidia’s worth motion on the 50-day transferring common might be a key indicator of market sentiment. A clear breakout may entice momentum patrons and arrange a retest of $153.13, whereas a failure may convey renewed stress towards $124.04.