Nvidia has made a powerful comeback, with its stock price shooting up to $135.34 as of May 15, 2025. This sharp surge marks an impressive 56% gain from its April low of $86.62, proving that the tech giant is back in full force and showing no signs of slowing down.

Approaching Key Resistance at $150

Currently, Nvidia is making its way toward a crucial resistance level at $150. The market analysts of today are focused on the Relative Strength Index approaching a level of 70, indicating strong bullish momentum however, this also means that the stock may soon enter overbought territory, which may cause some sideways action or a minor pullback. This is a crucial moment for traders as any early signs of a pullback will be multitasking in terms of the attention required.

Important Support Levels to Watch

Two important support levels are noted at $115 and $96. These are the zones where the stock may pause or bounce back if it faces pressure. The $115 level ties to a previous consolidation area, while $96 marks the lower limit of the recent rally and could become vital if the market weakens.

Technical Outlook Remains Bullish

The overall technical setup remains bullish, with Nvidia having the momentum to potentially break through the $150 mark. But as always, smart investors will watch for any early warnings from the RSI and act accordingly.

Trump’s Export Policy Boosts Nvidia

Fueling Nvidia’s rally is a major policy change: U.S. President Donald Trump has relaxed restrictions on chip exports, especially those tied to China. This has relieved many fears about lost sales and opened doors for Nvidia to continue delivering its advanced GPUs and AI chips to one of its biggest markets. Analysts expect this move to have a strong positive impact on Nvidia’s upcoming revenue.

Massive Saudi AI Deal Strengthens Global Reach

Adding to the optimism, Nvidia has entered a major strategic partnership with a Saudi Arabian AI company. The deal involves delivering hundreds of thousands of GPUs over the next five years. This not only strengthens Nvidia’s dominance in the AI and semiconductor markets but also boosts its image as a preferred tech leader on the global stage.

Explosive Earnings and Sales Growth

Beyond external deals and policy shifts, Nvidia’s own performance has been nothing short of stellar. The company posted a 71% rise in earnings per share (EPS) and a 78% increase in sales. These figures surpassed market expectations and reflect Nvidia’s growing command in the AI sector. With top-tier GPU technology and rising demand from various industries, the company is poised for even greater expansion.

All Eyes on the $150 Breakout

With such strong fundamentals and technical indicators, Nvidia is well-positioned to make a serious push toward the $150 resistance. A successful breakout could open the doors to all-time highs. More good news such as favorable regulations, record earnings, or new partnerships could act as the next wave of catalysts. That said, caution is still key. The RSI nearing 70 means a possible short-term cool-down. In that case, $115 and $96 will be the levels to watch for any bounce opportunities.

Improved Trade Relations Lift Tech Sector

Finally, improved U.S.-China trade relations are lifting the overall tech market. Nvidia stands out as a clear winner, thanks to its leadership in both AI and gaming. Investor confidence is high, and global demand for Nvidia’s innovations remains strong. Strong technicals, major international deals, and smart policy changes back Nvidia’s recent surge. All signs point to continued strength, with $150 in sight and further highs on the horizon. Traders and investors alike are watching closely and with good reason.