Nvidia Stock Price Rebounds on CEO Huang’s Vision, DAX Hits New Record High
Today the Nvidia stock is showing resilience, reclaiming the losses, on Nvidia’s GTC event, while the German Dax printed another record high, after the Bundestag passed the vote on Chancellor Merz’s fiscal reform.
Nvidia Bounces Back After CEO’s AI Comments
Nvidia (NVDA) has been in a downward trend since peaking at $153.74 in early January, shedding nearly 30% of its value as it broke below key support levels. The stock has consistently formed lower highs, signaling continued bearish momentum. However, last week a strong bullish signal emerged, as NVDA rebounded more than 15% from a low of $104.77 early in the week.
NVDA Chart H4 – The 20 SMA Held As Support
During today’s US session, Nvidia’s stock initially declined, but found support at the 20-day SMA (gray), which acted as a key technical level. This bounce followed remarks from Nvidia CEO Jensen Huang, who delivered the keynote speech at Nvidia’s annual GTC conference.
Huang outlined his vision for the next phase of artificial intelligence, emphasizing the convergence of generative AI, agentic AI, and physical AI. He noted that advancements in robotics and real-world AI applications would be driven by our ability to interpret and interact with the physical world. While his comments sparked investor optimism, Nvidia faced a bearish rejection at the 200-week SMA (purple) yesterday, triggering a short-term pullback.
DAX 40 Hits New Record on German Fiscal Reform Approval
While global markets have remained volatile, the German DAX 40 index has continued to outperform, reaching a record high of 23,486 points in early March before briefly pulling back. Last week, the index reversed higher following Germany’s approval of fiscal reform measures, which reassured investors and fueled renewed buying interest.
The upward momentum has extended into this week, with the DAX 40 climbing to a fresh all-time high of 23,493 points. Stock markets across the Eurozone periphery have also shown strong gains, reflecting improving investor sentiment in the region.
The fiscal reform bill, proposed by the CDU/CSU coalition, passed the German Bundestag with 513 votes in favor and 207 against. The package now moves to the Bundesrat for final approval on Friday, where it is expected to pass.
European Stock Markets Close Higher Amid Optimism in Global Equities
Key Closing Figures for Major European Indices
- Germany’s DAX 40 ended at 23,380.70, rising +226.13 points (+0.98%), continuing its steady climb toward record highs.
- France’s CAC 40 closed at 8,114.57, gaining +40.59 points (+0.50%), reflecting broad-based strength in French equities.
- UK’s FTSE 100 finished at 8,705.23, up +24.94 points (+0.29%), as investors remain cautious amid mixed economic data.
- Italy’s FTSE MIB surged to 39,533.71, climbing +511.31 points (+1.31%), marking one of the strongest gains among European indices.
- Spain’s IBEX 35 saw the biggest percentage gain, closing at 13,354.70, increasing +207.50 points (+1.58%), driven by strong performance in banking and energy stocks.
Key Drivers Behind the Market Gains
- Improved global risk sentiment contributed to the broad rally across European stock markets.
- Easing concerns over interest rate hikes fueled investor confidence, particularly in financial and industrial sectors.
- Optimism surrounding trade discussions and potential tariff relief added to the bullish momentum in European equities.
- Italy and Spain outperformed, with financial and consumer-driven stocks leading the charge in Southern Europe.
- The UK’s FTSE 100 lagged slightly, as investors weighed inflation risks and potential Bank of England rate decisions.
Conclusion: Nvidia and DAX See Renewed Optimism, But Will the Rally Hold?
Nvidia’s recent rebound suggests renewed investor confidence, fueled by CEO Jensen Huang’s AI roadmap. However, technical resistance at key moving averages remains a challenge, and further confirmation is needed for a sustained uptrend.
Meanwhile, the DAX 40 continues to lead European markets, hitting new highs as Germany’s fiscal policy shifts provide fresh optimism after the Bundesrat voted the budget reforms.
However, geopolitical risks are helping a well, as US President Donald Trump and Russian President Vladimir Putin are finding a lot of common ground, which means the Ukraine conflict will be over and one of the risks for the European economy has been removed.
DAX 40 Index Live Chart
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