Nvidia (NVDA) shares are under the spotlight as the company prepares to report quarterly earnings after the market closes on Wednesday.
The stock has gained 52% since early April, but it’s still down 2% for the year. Traders are watching a bullish continuation flag pattern on the chart, which could signal further upside if the company beats earnings expectations.
Investors are focused on AI infrastructure revenue, especially from cloud and hyperscaler clients. Nvidia’s guidance on China sales is also in focus, after it warned earlier this year about a $5.5 billion impact from U.S. export restrictions.
Technical levels are key. Resistance is near $143, a level tested in February and October 2024. A break above that could push the stock toward $150. On the downside, support is near $121, with a possible dip to $115, near the 50-day moving average, if earnings disappoint.
Nvidia’s outlook on enterprise AI spending and trade headwinds will shape market sentiment for the second half of 2025. A strong “beat and raise” quarter could trigger renewed bullish momentum.
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