Nvidia Tests Critical Support Ahead of Strong Seasonal Period

Nvidia is heading into August on strong seasonal ground, having historically performed well during this period in about 80% of the past 20 years. The stock is currently testing a critical technical support at its 200-day EMA near $191, a level that has previously attracted buyers and led to rallies.

Nvidia's fiscal Q2 2027 earnings report on August 26 will be closely watched by investors, with revenue guidance around $91 billion and expectations for continued growth driven by AI infrastructure demand. The company's strong profitability, record revenues, and shareholder returns highlight its dominant position in the AI market.