Reported 3 days ago
Nvidia's stock is in focus as CEO Jensen Huang prepares to present at the Consumer Electronics Show, following a remarkable 170% gain in 2024 and a 240% surge in 2023 due to soaring demand for AI chips. The company has been trading within a descending channel since late November, with key support levels at $130 and $115, and resistance levels at $140 and $150. Investors will be attentive to Huang's sales projections for upcoming chip releases as Nvidia seeks further explosive growth in 2025.
Source: YAHOO