Technical analysis by FXOpen about Symbol NVDAX on 10/29/2025

Nvidia (NVDA) Shares Surpass $200 for the First Time Yesterday, Nvidia’s (NVDA) share price climbed above the psychological threshold of $200 for the first time, pushing the company’s market capitalisation close to $5 trillion. Why Are NVDA Shares Rising Today? Several bullish factors are driving Nvidia’s share price higher: → Massive order backlog: The company reported pre-orders for its AI processors totalling an astonishing $500 billion. → Strategic partnership with the US government: CEO Jensen Huang announced plans to build seven AI supercomputers for the US Department of Energy. → Expansion into telecoms: Nvidia has invested $1 billion in Nokia, acquiring a 2.9% stake in the Finnish company to jointly develop AI-RAN and 6G technologies. Technical Analysis of Nvidia (NVDA) Back on 23 September, our analysis of the NVDA chart identified: → an upward channel outlining the stock’s price movements this autumn; → a breakout from a Bullish Flag pattern (shown in red); → a projection that strong fundamentals, the rapid advance of AI technology, and expectations of a Fed rate cut could enable bulls to overcome the $183 resistance level and target the psychological $200 mark. That projection has materialised since: → the Bullish Flag breakout level has acted as support (marked with a bold blue line); → NVDA price swings have provided anchor points to refine the current channel. What’s Next for Nvidia Shares? Note the bullish gaps (highlighted by arrows) that indicate a demand imbalance. The rapidly strengthening upward momentum could drive NVDA’s share price towards the upper boundary of the channel, particularly as several major events approach today: → the Federal Reserve’s interest rate decision and subsequent press conference; → quarterly earnings releases from Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META), all of which are expected to reaffirm their commitment to AI development. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.