NVIDIA Corp. (NASDAQ:NVDA) shares climbed 5% on Wednesday as investors continued rotating into AI and semiconductor stocks amid growing optimism around data center demand and broader market strength.
AMD Data Center Growth Boosts AI Sentiment
Investor sentiment across the AI hardware sector improved after Advanced Micro Devices Inc.’s (NASDAQ:AMD) strong quarterly data center performance.
AMD reported a record $5.8 billion in Data Center revenue, up 57% year over year, driven by strong demand for server CPUs and GPUs.
Cramer Highlights Nvidia, AMD And Intel As AI Winners
CNBC’s Jim Cramer said the AI and data center boom continues fueling growth across semiconductors, cloud computing, and supporting infrastructure as demand expands throughout the economy.
Cramer identified Nvidia as one of the biggest beneficiaries of the AI trend while also highlighting AMD and Intel Corp. (NASDAQ:INTC) as major competitors benefiting from rising demand for AI computing power.
Broader Market Rally Supports Chip Stocks
The broader market also supported momentum in AI-linked equities. The Nasdaq is up 1.57% while the S&P 500 has gained 1.18%.
NVIDIA Technical Analysis
From a trend perspective, NVDA is still acting like it’s in an established uptrend: the stock is trading 3.7% above its 20-day SMA ($199.19) and 12.2% above its 200-day SMA ($184.10). The 20-day SMA is also above the 50-day SMA (bullish), and the golden cross that formed in June 2025 (50-day SMA above the 200-day SMA) continues to support the longer-term trend narrative.
Momentum is more “reset than stretched” right now, with RSI at 50.36 sitting in neutral territory. RSI measures how extended recent buying or selling has been, and a neutral reading often lines up with consolidation phases where the next directional push depends on whether buyers can defend pullbacks.
The nearby levels are clean: a push toward resistance would put the stock back in range of its prior peak area, while a deeper pullback would test whether the broader uptrend can hold above a prior demand zone.
- Key Resistance: $217.00 — a round-number area sitting just below the $216.82 52-week high, where rallies can stall
- Key Support: $171.00 — a prior buyer-defense zone that also sits well below the major moving averages, making it a key “trend break” line if revisited
NVIDIA Earnings & Analyst Outlook
The countdown is on: NVIDIA is set to report earnings on May 20, 2026 (confirmed).
- EPS Estimate: $1.76 (Up from 96 cents YoY)
- Revenue Estimate: $78.78 Billion (Up from $44.06 Billion YoY)
- Valuation: P/E of 40.1x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $281.04 (based on 50 analysts), with targets ranging from $235.00 to $360.00. Recent analyst moves include:
- Benchmark: Buy (Maintains forecast at $250.0000) (March 31)
- Rosenblatt: Buy (Maintains forecast at $325.00) (March 23)
- Cantor Fitzgerald: Overweight (Maintains forecast at $300.00) (March 23)
NVIDIA Top ETF Exposure
- iShares Paris-Aligned Climate Optimized MSCI USA ETF (NASDAQ:PABU): 9.98% Weight
- REX AI Equity Premium Income ETF (NASDAQ:AIPI): 9.71% Weight
- BNY Mellon Concentrated Growth ETF (NYSE:BKCG): 9.53% Weight
Significance: Because NVDA carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.
NVIDIA Price Action
NVDA Stock Price Activity: NVIDIA shares were up 5.18% at $206.68 at the time of publication on Wednesday, according to Benzinga Pro data.
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