Shares of the chip giant rose more than 10% over the past six sessions, their longest winning streak since October.
After months of sluggish returns, Nvidia Corp.’s stock is rallying again and close to breaking out of its narrow trading range, which market technicians see as a bullish signal.
Shares of the chip giant rose more than 10% over the past six sessions, their longest winning streak since October. This comes after substantial stretch of nothing, with the shares essentially flat from September 2025 through the end of last month. They closed trading Wednesday at $182, near the $185 level that technical traders are watching closely.
Shares dipped 0.5% on Thursday.
“If Nvidia sustains above $185, I would say the money is ready to run back in,” said Jonathan Krinsky, BTIG’s chief market technician. “The long-term trend remains positive.”