Nvidia Stock (NVDA) Jumps 15% – Is the Downtrend Over and Uptrend Back?
The Nvidia stock lost 30% of its value since January, but last week we saw a bounce, as NVDA jumped more than 15%, which is a strong bullish signal.
Strong Rebound After Weeks of Decline
Nvidia (NVDA) stock has been in a steady downtrend since peaking at $153.74 in early January, breaking below key support levels, including the 20 SMA and 50 SMA on the weekly chart. However, last week marked a sharp turnaround, with NVDA surging above $120 by Friday, after hitting a low of $104.77 on Tuesday.
The key question now is whether this bounce signals the end of the correction or if the stock will face further downside before fully resuming its long-term uptrend.
Tech Giant Posts Strong Earnings but Faces Market Pressure
Despite better-than-expected Q4 fiscal 2025 earnings released on February 26, Nvidia has been under selling pressure due to intensifying semiconductor competition, AI sector concerns, and ongoing trade war uncertainties. The weakness persisted until Tuesday last week, when NVDA finally reversed higher.
The company delivered record quarterly revenue of $39.3 billion, marking a 78% year-over-year increase and beating Wall Street estimates by 3.1%. Adjusted EPS rose 71% to $0.89 per share, surpassing the expected $0.85 per share.
Key Factors Driving Last Week’s 15% Rally in NVDA
- Attractive buying levels near $100 – The recent pullback made NVDA appealing to investors looking to buy at discounted levels.
- Technical bounce from oversold conditions – Nvidia’s stock reversed sharply after falling below $105.
- Industry-wide sentiment shift? – Other tech stocks, including Palantir, also saw strong gains, despite major US indices such as S&P 500, Dow Jones, and Nasdaq, closing another week lower.
Upcoming Event: Nvidia’s GTC Conference
Looking ahead, Nvidia’s GTC event this week is a major potential catalyst. CEO Jensen Huang is expected to outline the company’s AI and GPU innovation roadmap, which could rekindle bullish momentum in the stock.
Conclusion: Will Nvidia’s Rebound Hold?
With a 15% gain from its recent lows, Nvidia is showing signs that the worst of the correction may be over. However, further confirmation is needed, and this week’s GTC conference could provide key insights into the company’s future trajectory. Investors will be watching closely to see if momentum continues or if selling pressure returns at higher levels.
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