Nvidia Stock Forecast: Will the Stock Continue Rising? Key Technical Levels for 2025

Nvidia (NASDAQ: NVDA) recently released its earnings report, prompting renewed interest from investors seeking insight into the stock’s potential upside and downside for the remainder of the year. Following the earnings release, Nvidia’s share price rose by just over 3%, currently trading at approximately $138.27 in pre-market hours.

CEO Jensen Huang expressed confidence in Nvidia’s long-term growth trajectory, highlighting continued strong demand for its AI and semiconductor products. The company’s bullish outlook is underpinned by robust performance across its data centre and AI-driven segments.

US-China Tensions Could Pose Risks

However, Nvidia also issued a cautionary note regarding the potential impact of escalating US-China trade tensions. With ongoing tariff concerns, there is uncertainty surrounding how Q2 earnings may be affected. While the stock initially shrugged off these geopolitical risks, they could weigh on investor sentiment and share price action in the near term until greater clarity emerges.

Nvidia Technical Analysis: Key Support and Resistance Levels

From a technical analysis standpoint, Nvidia faces critical resistance near its all-time high range of $153–$154. A confirmed breakout above this level could trigger another rally, driven by bullish momentum and optimism about Nvidia’s long-term prospects in the AI and semiconductor sectors.

On the downside, support is seen around the $95–$96 level. A break below this zone may signal broader weakness in semiconductor stocks or a shift in investor sentiment. Conversely, a pullback to this area could be viewed as a buying opportunity for long-term investors who see continued value in AI-related shares.

Indicator Insights: Mixed Signals

Technical indicators offer a mixed outlook. The MACD on the weekly chart has recently turned positive, indicating near-term support for the share price. However, the stochastic oscillator suggests that Nvidia stock may be entering overbought territory, following its strong rally from the April lows. This raises the possibility of short-term profit-taking, especially if investors begin pricing in weaker Q2 performance expectations.

Outlook: Cautious Optimism Amid Uncertainty

While Nvidia remains a key player in the AI and semiconductor industries, short-term risks such as geopolitical tensions and overbought conditions on the charts suggest a cautious approach. Investors may want to wait for clearer signals before making aggressive moves, especially ahead of the next earnings cycle.

For long-term investors, Nvidia remains a strong contender in the AI stock landscape. However, those trading on shorter time frames should closely monitor key support/resistance zones and remain mindful of macroeconomic developments.