Nvidia Stock Prices to Watch as AI Darling Becomes World’s Most Valuable Company [Video]

Nvidia (NVDA) this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing iPhone maker Apple (AAPL).

The AI chipmaker’s shares gained about 4% on Wednesday, hitting a record high of $146.49, as U.S. equities soared following the election of Donald Trump as president. Nvidia shares have risen nearly three-fold since the start of the year amid insatiable demand for the company’s family of AI chips, including its next generation Blackwell graphics processing units (GPUs).

Below, we analyze the technicals on Nvidia’s chart and identify important price levels that investors may be watching.

Since breaking out from a symmetrical triangle last month, Nvidia shares have traded mostly sideways to higher as investors look for future catalysts that may drive the AI favorite’s next move.

It’s worth pointing out that in recent months, the stock’s volumehas tracked steadily lower, potentially indicating that larger …