Can Nvidia Extend Its AI-Driven Rally After New All-Time High?
BeInCrypto
Nvidia stock reached record highs, driven by AI demand in China, though technical indicators suggest potential short-term consolidation before further growth.Summary
Nvidia has reached a record market capitalization following a series of gains fueled by surging global AI infrastructure demand and renewed interest from major Chinese tech firms. While the stock currently trades above key support levels, momentum indicators signal that it may face short-term overbought conditions. Analysts suggest that while consolidation is possible in the near term, the long-term outlook remains bullish, with potential for continued growth later in 2026 as AI-driven demand persists.
(Source：BeInCrypto)