#NVIDIAEarnings

$NVDAG is approaching an important decision point.

NVIDIA’s latest results were strong enough to support the rally. Q2 revenue reached $96.2 billion, up 106% year over year, while Data Center revenue climbed to $89 billion. Adjusted earnings came in at $2.22 per share, ahead of expectations.

The outlook was equally important. NVIDIA expects around $108 billion in Q3 revenue, even without including China Data Center sales. Vera Rubin is already entering production, while management expects revenue growth of roughly 70% next fiscal year.

Looking at the 4-hour chart, $NVDAG rallied almost 13% from $203.74 to $230.02 before settling near $227.

The $230–$232.60 area is now the main resistance. A convincing close above this zone, supported by volume, could open the way toward $236.50 and then $240.

If buyers fail to clear resistance, I’ll be watching $224–$225 as the first support. Below that, $216.80–$218 becomes the more important demand area. Losing that zone would weaken the post-earnings structure and could bring $209–$210 back into focus.

The fundamentals remain strong, but the setup is not without risk. Higher memory costs are expected to pressure margins, China remains uncertain, and a market value near $5.5 trillion leaves little room for disappointing execution.

My view is straightforward: the long-term picture remains bullish, but chasing directly below resistance offers limited room for error. I would rather wait for a confirmed breakout and retest, or a controlled pullback that holds $224–$225.

$NVDAG provides tokenized exposure to NVIDIA and is not the same as directly holding Nasdaq-listed shares. Liquidity and pricing can also differ outside regular U.S. market hours.