Stocks
Nvidia Stock Price Pulls Back After Reaching New High
Nvidia's stock price has pulled back from its intraday high of $223.63 after rallying to that level from $190.02, settling around $218.80 due to profit-taking.
The company's growth is still supported by strong demand for Blackwell AI chips and expanding AI infrastructure spending by major cloud providers.
Analysts are watching support levels closely, including $210.65, $206.67, and $202.69, with a hold above these areas likely to maintain the uptrend ahead of Nvidia's upcoming earnings report.