Shares in artificial Intelligence (AI) favorite Nvidia (NVDA) will remain in the spotlight on Tuesday after CEO Jensen Huang provided several important technology updates last night during his keynote address at the CES 2025 conference in Las Vegas.
During the highly anticipated event, Huang unveiled next generation AI-powered gaming chips, introduced technology that speeds up the training of robots, launched the chipmaker’s first desktop computer and announced a deal with Japanese automaker, Toyota (TM).
Nvidia is coming off another banner year during which insatiable demand for AI infrastructure helped drive its stock price up about 170%. Those gains followed a more than three-fold increase in 2023.
Nvidia shares, which hit a record closing high of $149.43 on Monday, were up another 2.5% in recent premarket trading and poised to hit an all-time intraday high today.
Below, we take a closer look at Nvidia’s chart and apply technical analysisto identify key price levels …