Finance & Business

Nvidia Stock Recovers 8.8%, Leading Nasdaq Rally

34
Nvidia Stock

Nvidia shares saw a strong 8.82% increase, closing at $128.86 on Tuesday, following a sharp 17% drop the previous day.

The stock’s recovery came after concerns over DeepSeek, a Chinese AI startup, caused a massive sell-off.

Nvidia’s market value had plummeted by about $593 billion, marking the largest single-session loss in Wall Street history.

Nasdaq Gains on Nvidia’s Recovery

Nvidia’s rally helped fuel a 2% rise in the Nasdaq Composite, which gained 391.75 points, closing at 19,733.59.

The recovery in Nvidia’s stock was part of a broader rebound in AI-related tech stocks, with the S&P 500 technology sector gaining 3.6%.

Technical Outlook for Nvidia

Despite the rally, Mahesh M Ojha, AVP of Research at Hensex Securities, advised caution, suggesting a “sell on rise” strategy. He sees Nvidia’s stock trading between $105 and $135, with $105 as a critical support level.

Options Market Activity

As Nvidia shares recovered, options traders quickly returned to bullish positions, with call options outnumbering put options by a 1.6-to-1 ratio. This was a rebound from the previous day’s low of 1.36-to-1.

Broader Market Trends

The broader U.S. stock market also saw gains, with the Dow Jones up 0.31% and the S&P 500 rising 0.92%.

Written by
Sazid Kabir

I've loved music and writing all my life. That's why I started this blog. In my spare time, I make music and run this blog for fellow music fans.

Related Articles

Nvidia Stock
Finance & Business

Nvidia Earnings: Key Chart Levels to Watch Before the Report Drops

Nvidia (NVDA) shares are under the spotlight as the company prepares to...

Cryptocurrencies ― Bitcoin Ethereum Litecoin
CryptoFinance & Business

Crypto Finance Startups Attract Hundreds of Millions in VC Funding

The crypto investment scene saw strong activity from May 18 to 24,...

AI Stocks
Finance & Business

Nvidia-Backed CoreWeave Stock Rockets 39% on Strong Demand and Debt Deal

CoreWeave, an AI data center company backed by Nvidia, has seen its...

NVIDIA
Finance & Business

NVIDIA Stock Price Target Set at $185 Amid Growing NVLink Potential

NVIDIA Corporation (NASDAQ: NVDA) remains a key player in the AI sector,...