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NVIDIA's revenue doubles, beating expectations; is the AI trade narrative making a comeback?
搞技术的牛牛
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Jensen Huang labels AI as "national infrastructure" at G20; will NVIDIA raise its guidance again?

$NVIDIA (NVDA.US)$ The stock surged over 8% in a single day following the earnings release, but has failed to sustain this strong momentum recently,showing signs of high-level consolidation.
Recently, JPMorgan cited NVIDIA management's comments at a recent institutional investor conference: the framework for 70% year-over-year growth in FY2028is a conservative estimate under current capacity constraints, rather than the true ceiling of demand.—If supply of advanced wafers and HBM is sufficient,actual growth has the potential to exceed 100%.The core significance of this statement lies intransforming the market's long-term pricing risk regarding demand-side uncertainty into solvable supply-side constraints.During the same period,CEO Jensen Huang announced at the G20 Summit that "NVIDIA will invest nearly $1 trillion in U.S. infrastructure this year",and in discussions with the U.S. Secretary of Commerce, explicitly defined AI as"national infrastructure on par with water and electricity"—leading to a repricing of the rigidity and sustainability of AI computing demand. On September 2, NVIDIA shares rose 3.21% in response.
Recent stock price movement
$NVIDIA (NVDA.US)$ The stock surged over 8% in a single day following the earnings release, but has failed to sustain this strong momentum recently,showing signs of high-level consolidation. Recently, JPMorgan cited NVIDIA management's comments at a recent institutional investor conference: the framework for 70% year-over-year growth in FY2028is a conservative estimate under current capacity constraints, rather than the true ceiling of demand.—If supply of advanced wafers and HBM is sufficient,actual growth has the potential to exceed 100%.The core significance of this statement lies intransforming the market's long-term pricing risk regarding demand-side uncertainty into solvable supply-side constraints.During the same period,CEO Jensen Huang announced at the G20 Summit that "NVIDIA will invest nearly $1 trillion in U.S. infrastructure this year",and in discussions with the U.S. Secretary of Commerce, explicitly defined AI as"national infrastructure on par with water and electricity"—leading to a repricing of the rigidity and sustainability of AI computing demand. On September 2, NVIDIA shares rose 3.21% in response. Recent stock price movement As mentioned at the outset, regarding the overall trend, NVIDIA is currentlymaintaining a short-term uptrend while facing pressure for consolidation at high levels.The stock price continues to hold above the 60-day EMA, confirming that it remains in a technical bull market zone. There is significant resistance in the $229–$230 range, where bears have mounted strong defense at these highs. Whether this resistance zone can be effectively broken through is a key factor to watch for future market direction. Key Technical Indicator Analysis EMA Moving Averages：EMA5=220.3...
As mentioned at the outset, regarding the overall trend, NVIDIA is currentlymaintaining a short-term uptrend while facing pressure for consolidation at high levels.The stock price continues to hold above the 60-day EMA, confirming that it remains in a technical bull market zone. There is significant resistance in the $229–$230 range, where bears have mounted strong defense at these highs. Whether this resistance zone can be effectively broken through is a key factor to watch for future market direction.
Key Technical Indicator Analysis
EMA Moving Averages：EMA5 = $220.33, EMA10 = $218.97, EMA20 = $217.05, EMA60 = $211.36. A complete bullish alignment is present, with a sound trend structure.
RSI：56.67, indicating strength within the neutral zone, with no overbought pressure, no bearish divergence signals, and momentum not yet exhausted.
MACD：The MACD line (2.668) is slightly below the Signal line (2.67), having just formed a bearish crossover, but both remain above the zero axis. The histogram has shifted from positive to slightly negative, with no obvious divergence.
Bollinger Bands：The latest closing price of $224.41 is positioned in the upper half between the middle band ($219.29) and the upper band ($229.71), indicating a state of normal expansion.
Fibonacci：The current stock price of $224.41 is above the 23.6% Fibonacci retracement level ($220.87). For downside support, key attention should be paid to the 38.2% ($214.93) and 61.8% ($205.34) levels.
* Fibonacci retracement levels are automatically calculated based on the highest and lowest prices over the past 60 trading days, not manually selected swing points. Actual support/resistance effectiveness should be confirmed by market price action
Comprehensive assessment
Regarding key support,The 23.6% Fibonacci retracement level at $220.87 serves as the first short-term support level;if this level is breached,Attention should then shift to the double support level at $219.29, formed by the 20-day moving average (MA20) and the middle band of the Bollinger Bands; the next key medium-term defense level lies at $209.28, where the 50-day moving average (MA50) is located.On the upside, resistance lies atKeep a close watch on the area near the recent high of $230.47,a breakout will open up greater upside potential.
$NVIDIA (NVDA.US)$ The stock surged over 8% in a single day following the earnings release, but has failed to sustain this strong momentum recently,showing signs of high-level consolidation. Recently, JPMorgan cited NVIDIA management's comments at a recent institutional investor conference: the framework for 70% year-over-year growth in FY2028is a conservative estimate under current capacity constraints, rather than the true ceiling of demand.—If supply of advanced wafers and HBM is sufficient,actual growth has the potential to exceed 100%.The core significance of this statement lies intransforming the market's long-term pricing risk regarding demand-side uncertainty into solvable supply-side constraints.During the same period,CEO Jensen Huang announced at the G20 Summit that "NVIDIA will invest nearly $1 trillion in U.S. infrastructure this year",and in discussions with the U.S. Secretary of Commerce, explicitly defined AI as"national infrastructure on par with water and electricity"—leading to a repricing of the rigidity and sustainability of AI computing demand. On September 2, NVIDIA shares rose 3.21% in response. Recent stock price movement As mentioned at the outset, regarding the overall trend, NVIDIA is currentlymaintaining a short-term uptrend while facing pressure for consolidation at high levels.The stock price continues to hold above the 60-day EMA, confirming that it remains in a technical bull market zone. There is significant resistance in the $229–$230 range, where bears have mounted strong defense at these highs. Whether this resistance zone can be effectively broken through is a key factor to watch for future market direction. Key Technical Indicator Analysis EMA Moving Averages：EMA5=220.3...
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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