Investing in Nvidia Stock: Can It Surpass $140 Following CEO Jensen Huang's Discussion with Trump?

Investing in Nvidia Stock's Recent Volatility

The share price of Nvidia (NASDAQ: NVDA) experienced significant fluctuations recently, losing crucial support levels amid the high-stakes meeting between CEO Jensen Huang and President Trump at the White House.

Current Stock Performance

Nvidia's stock closed at $120.54, reflecting a 3.6% decline with an overall 5% drop for the week. Its recent performance saw Nvidia fall below its 200-day moving average for the first time in two years, raising concerns among investors.

Impact of Trump's Meeting

This meeting focused on AI policy and semiconductor exports, which could have significant implications. Sources indicate that discussions may lead to a reevaluation of U.S. export controls on AI chips, influencing Nvidia’s market outlook. A favorable resolution might pave the way for NVDA stock to exceed $140, although cautious sentiment persists given the recent market downturn.

Technical Analysis

An array of analysts provided insights into Nvidia’s future price trajectory. If NVDA can break above resistance at $127, the path to $140 may be feasible, with further escalation possible towards $200 based on bullish trends observed in technical patterns.

Wall Street Sentiment

Wall Street analysts present a mixed bag of opinions on NVDA stock, with many expressing optimism. Notably, some have revised their ratings upward, highlighting the company's potential despite recent challenges from emerging competitors.

Recommendations for Investors

With mixed predictions and uncertain market dynamics, investors should weigh potential earnings reports and geopolitical developments closely. The trajectory of Nvidia stock remains intertwined with broader economic factors and market sentiment.