Nvidia Stock Price Prediction: NVDA Finds $110 Support But How Far Can It Rise?

Nvidia stock price was up on Friday, bumped up by news of forecast-beating earnings by AI chip making rival, Broadcom. The stock was up by 1.3% and traded at $112.30 at the time of writing as investors took Broadcom’s results as a signal of strong fundamentals in the AI chips market.

Broadcom, the company dominating the application specific integrated circuit (ASIC) market, reported revenues of $14.92 billion, beating Wall Street analysts’ median forecast figure of $14.61 billion for the fiscal Q1 2025. Semiconductor revenues rose by 11% year-over-year to $8.2 billion. AI revenue was the biggest growth area, jumping by 77% year-on-year to $4.2 billion, which affirms a strong positive outlook for Nvidia stock price.

Despite the brief disruption brought by DeepSeek, Nvidia’s sales are likely to stay on the uptrend, with its top customers like Alphabet, Microsoft and Meta unlikely to slow down their appetite for high-performance AI GPUs this year. Hoever, there are concerns that rising trade tariff tensions could muddy the investment environment and disrupt the overall uptake of semiconductors across the tech industry.

However, the momentum indicators signal weakness on Nvidia stock price. The stock trades below the Volume Weighted Moving Average (VWMA). In addition, it is below key daily moving averages, including the 10, 20, 50 and 100 SMA levels. Continued action below these levels signal limitedupside potential.

Nvidia Stock Price Prediction

Nvidia stock price pivots at $110.85 and action above that level will favour the buyers to stay in control. Immediate resistance will likely be at $114.30, but that barrier could be broken if the upward momentum strengthens. An extended control by the buyers could take the action higher to test $117.80.

On the other hand, moving below $110.85 will signal a shift in the momentum to the downside. That could see the first support come at $108.65. Furthermore, the upside narrative will be invalid if the price breaks below that level. That could result in an extended decline to test $105.75.

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