StockNews.AI
NVDA
Investopedia
15 mins

Nvidia Stock Price Levels to Watch After Chip Giant's $100 Billion Deal With OpenAI

1. Nvidia plans to invest $100 billion in OpenAI for AI infrastructure. 2. Nvidia's shares fell 2% after a significant gain earlier. 3. Breakout from symmetrical triangle indicates bullish price momentum. 4. Forecasts project price targets of $207.64 and $255 for NVDA. 5. Key support levels noted at $165 and $150 for future pullbacks.

6m saved
Insight
Article

FAQ

Why Bullish?

The $100 billion investment in OpenAI indicates strong future growth potential, similar to past partnerships boosting Nvidia's market position.

How important is it?

The article emphasizes significant investment plans that align with Nvidia's strategic focus in AI and market expansion.

Why Long Term?

Investment in AI infrastructure is a foundational shift, likely enhancing Nvidia's revenue streams over several years.

Related Companies

Related News