In a historic move, NVIDIA Corporation (NASDAQ: NVDA) has become the first publicly traded company to surpass the $4 trillion market cap, fueled by its dominant presence in AI chip technology. On Wednesday, NVIDIA stock rallied over 2.5%, hitting a record intraday high and overtaking tech giants Apple and Microsoft in valuation.
Amid this massive milestone, technical indicators on both daily and hourly charts reveal continued bullish momentum and potential for further upside.
📰 Fundamental Highlight:
- NVIDIA’s market cap crosses $4 trillion for the first time.
- Stock surged over 2.5% intraday, marking a new all-time high.
- The rally is largely driven by AI chip demand, data center expansion, and dominance in GPU infrastructure.
- NVIDIA beats Apple and Microsoft in the valuation race, emerging as the world’s most valuable company.
📊 1-Day Chart (Technical Analysis)
- Price: $162.64 (+1.65%)
- Recent Low: ~$150.99 (20 SMA)
- Resistance Zone: $164.87 (Upper Bollinger Band)
- Support Zone: $150.99 (SMA 20), $137.11 (Lower Band)
🔎 Pattern Insight:
- Price is respecting a rising channel, making consistent higher highs and higher lows.
- The breakout continuation after a small pullback near July 3rd indicates strong buying interest.
- Volume has remained stable even during consolidation, indicating accumulation by smart money.
🟢 Technical Bias:
- A daily close above $165 could open gates for $170+.
- If the price pulls back, watch $157–$160 as buy-on-dip zones.
⏱️ 1-Hour Chart (Intraday View)
- Price briefly pulled back after testing $164 but continues to hold the ascending trendline from early July.
- Bollinger Bands show the stock is near upper volatility, but with volume support, breakouts may sustain.
- Hourly 20-SMA (blue) is sloping upward, offering dynamic support near $159.77.
🔄 Short-Term Trade Idea:
- Buy Zone: $160–$162
- Stop Loss: Below $159
- Target 1: $166
- Target 2: $170+
📉 Volume Analysis:
- Daily volume stands at 115.29M, reinforcing bullish breakout structure.
- Hourly volume spikes on green candles hint at institutional accumulation during upward momentum.
🧠 Conclusion: NVIDIA Leading the AI Charge
NVIDIA’s $4 trillion valuation milestone is not just a news headline — it reflects the stock’s explosive momentum both fundamentally and technically. As AI continues to disrupt the tech landscape, NVIDIA remains at the heart of the revolution. With strong bullish setups on both the daily and intraday charts, further price appreciation looks likely in the near term.
⚠️ Disclaimer:
This article is for informational and educational purposes only. It is not investment advice. Please consult a licensed financial advisor before making any financial decisions.
