Yesterday, after the main trading session, Nvidia released its quarterly earnings report, which exceeded analysts' expectations:
→ Earnings per share: actual = $0.81, forecast = $0.73
→ Revenue: actual = $44 billion, forecast = $43.3 billion

Additionally, according to media reports, Nvidia issued a strong forecast for the next period, although CEO Jensen Huang noted difficulties in accessing the Chinese market, which he estimates to be worth $50 billion.

Nevertheless, market participants reacted positively. According to Google, in after-hours trading the NVDA stock price rose by more than 4%, surpassing the $140 level.

It is reasonable to assume that this initial positive reaction could continue during today’s main trading session.

Technical Analysis of NVDA Chart

As we mentioned earlier this week, NVDA stock in 2025 has formed a broad descending channel (shown in red), and just before the earnings release, the price was consolidating near the upper boundary of this channel.

We also suggested a scenario in which the bulls might attempt to break through the upper boundary of the channel. Given the positive earnings report and the stock market rally following the Federal Court’s decision declaring Trump tariffs invalid, the likelihood of this scenario increases.

This, in turn, means that:
→ the upper boundary of the channel, once broken, may act as support;
→ we may once again see the key psychological resistance level of $150 come into play — a level we have highlighted multiple times before.

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