Key Insights
- Nvidia stock price has remained in a correction this year after falling by 13% from its all-time high.
- The US has finally approved sales of its H200 chips to China.
- Technical analysis suggests that the stock has more upside in the near term.
Nvidia stock price has remained in a tight range in the past few months as demand for artificial intelligence stocks waned. NVDA was trading at $185 on Wednesday, down by 13% from its highest point in 2025, moving it into a correction.
Still, the stock will likely rebound as it slowly forms a bullish pattern after the US agreed to sell chips to China
Nvidia Stock Price Technical Analysis Points to a Rebound
The daily timeframe chart shows that the Nvidia stock price has moved into a correction after falling by 13% from its all-time high. This price action has brought it closer to the 50-day and 100-day Exponential Moving Averages (EMA) in a possible sign of mean reversion.
A closer look, however, reveals that the token has formed a bullish pennant pattern, characterized by a flagpole and a triangle. The two lines of the triangle pattern are nearing their confluence, meaning that the stock may rebound any time soon.
At the same time, the stock has also formed a megaphone or a broadening wedge pattern, which is made up of two diverging trendlines. Like the bullish pennant, this is a highly bullish continuation pattern.
Therefore, the most likely Nvidia stock price forecast is bullish, with the next key target being the all-time high of $212. A move above that level will point to more gains, potentially to the Ultimate Resistance level of the Murrey Math Lines tool at $225, which is about 21% above the current level.
US Approves Sales of H200 Chips to China
A major catalyst for Nvidia’s stock price is that the Donald Trump administration approved the sale of the H200 chips to China, the largest market for semiconductors.
There are signs that these chips, while inferior to Blackwell, are seeing strong demand there. In a recent report, Reuters noted that the company had received over 2 million orders, much higher than the 700k it had in its inventories.
Another report stated that Nvidia was not offering discounts and was requesting upfront payment for its products to mitigate potential geopolitical risks.
Therefore, a rough estimate suggests that the company’s orders from China are worth over $54 billion, a figure that is likely to continue growing over time. Also, there is a likelihood that the Trump administration will ultimately give the go-ahead for the company to sell Blackwell chips there.
The new developments are notable because Nvidia and analysts tracking the company have not updated the potential Chinese sales in the forward guidance.
Analysts are Upbeat About NVDA Stock
Data compiled by Yahoo Finance indicates that analysts expect the company to have generated over $65 billion in the fourth quarter, representing a 66% increase that will bring its annual revenue to $213 billion.
They then see the revenue growth slowing to 50% this year, which will bring its annual figure to $320 billion. The real result will likely be better than that as Nvidia has a long track record of beating estimates.
Meanwhile, the Average estimate among analysts is that the NVDA stock will jump to $ 252, much higher than its current value.
The most recent upgrade was from Mizuho, which increased its price target from $245 to $275. Other analysts who have upgraded the stock are from Truist, Bernstein, Bank of America, and Tigress Financial.
The general consensus among analysts is that there is no AI bubble, and Nvidia is one of the best companies to invest in due to its strong growth and high margins.
Still, there is a major risk in that the relationship between the US and China may worsen, a move that will push China to bar its companies from buying Nvidia chips. Additionally, China’s companies, such as Alibaba, Moore Threads, and MetaX, have made significant progress in the past few months.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
