The NVIDIA share price rose in the pre -market session on Thursday, as its recent financial data continued to provide the rear winds. The stock was traded at $ 134.70, an increase of 2.4 % on the daily chart. The company reported strong revenues that overcame the estimates of analysts, but it became one of the most examined companies, as it became a victim of its success mainly.
The stock increased by 3.67 % on Wednesday after reporting revenues of $ 39.33 billion, for the quarter ending in January 2024, overcoming the expected number of $ 39.31 billion. The share profits (EPS) reached $ 0.89, which exceeds $ 0.848, while profit increased by 80 % to 22.09 billion dollars.
NVIDIA (NASDAQ: NVDA) provided strong guidelines for the first quarter of 2025, expecting to earn $ 43 billion in revenues. The hitting of this goal will be translated into 66 % annual growth, and it believes well for the high price of NVIDIA share. The company attributed its profits to the strong demand for artificial intelligence and is still optimistic, although Shakeau has resulted from the start of the Chinese AI, Deepseek.
In particular, BlackWell’s sales were optimistic, as high -end chips achieved $ 11 billion in revenues in the last quarter. NVIDIA expects the demand to remain strong, and it will focus on increasing production to meet the deadlines. Cloud service providers were at the forefront of the demand for Blackwell, which represents 50 % of all sales, and the direction is likely to continue.
On the negative side, some prominent NVIDIA customers such as Alphabet, Meta and Google have developed their own chips, and their success in that front may slow the demand for NVIDIA products.
NVIDIA share price prediction
The NVIDIA shares axis is preferred at $ 132.60 and working above this level for buyers to stay in control. The first resistance is likely to be $ 136.00, but it can break the strongest momentum and heading towards the second obstacle at $ 138.20
On the other hand, the breaking of less than $ 132.60 will indicate the beginning of the landfill. In this case, the NVDA price is likely to go to the first support at $ 130.70. The strongest momentum will lead to the start of this level, which will nullify the bullish narration and potentially test the second support at $ 128.60.
