$NVIDIA(NVDA)$ looks like it could be setting up for a significant move.
On the technical side, I'm keeping a close eye on the $214 support zone. If that level keeps holding, the next upside target I'm looking at is $224+.
Nvidia's dominance in AI remains clear. Bloomberg reported the company is raising prices on servers powered by its AI chips by more than 15%, with the increases expected to affect systems shipping early next year, including those using the Vera Rubin and Grace Blackwell platforms. That kind of pricing power says a lot about demand strength.
With Nvidia's Q2 FY2026 earnings scheduled for Wednesday, August 26, the setup gets more interesting. Strong technical support combined with a major earnings catalyst could create the conditions for a pre-earnings rally.
I'm watching $NVIDIA(NVDA)$ closely heading into earnings.
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