Nvidia shares recovered losses from the decline in Deepseek. The 22% rally in February surpassed Nvidia’s shares above its 200- and 50-day moving averages. Blackwell GPU.
Nvidia Stock cleared a key hurdle on Tuesday as it recovered the losses caused by the $589 billion Deepseek sale in late January.
At Intray High’s $143.44, Nvidia was trading above its January 24th closing price of $142.62. This is the trading session before GPU manufacturers experienced the biggest drop in market value in history.
The stock then stored its profits at around 1% on Tuesday, trading at $140.34.
Nvidia’s stock has so far been in tears in February, up about 22%. The rally surpasses several closely monitored technical trading levels, including a 200-day and 50-day moving average, as represented by the red and blue lines on the chart below.
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David Keller, chief strategist at Sierra Alpha Research, recently told Business Insider that he was looking at $130 as a key line of sand in Nvidia stocks.
Oppenheimer & Co by Ari Wald. The head of technology research at BI told BI that $140 is a critical resistance level to monitor.
With DeepSeek’s losses almost recovering and technical resistance levels cleared, investors are eagerly anticipating Nvidia’s earnings results next week.
“The next important test for AI Bulls will be held on February 26th, when NVDA reported the results of FQ4,” Bank of America Analyst Vivek Arya said in a memo on Tuesday.
Arya warned that Nvidia’s share price could fall after earnings results, as there could be a first quarter outlook that could be driven by the move to Blackwell GPUS. However, the long-term foundations should remain the same.
“As investors look forward to NVDA’s major new product pipeline (GB300, Rubin) and the expansion of TAM into robotics and quantum technology at the upcoming GTC conference (MAR-17), positive momentum is expected. We expect it to resume,” Arya said.
Even after Nvidia’s 20%+Rally this month, Arya argued that the stock’s valuation remains “persuasive” at a price-to-earning ratio of 24x based on 2026 estimates. According to the bank, it is the lower end of the historic range of 25 to 56 times.
Super Micro Computer, which sells Nvidia’s GPU-integrated server racks, said in a revenue call last week it expects its revenue to be seen as a change in its revenue thanks to Blackwell’s deployment.
“We hope that the growth of the new generation of platforms, highlighted by the start of the transition from Hopper to Blackwell GPUs, will accelerate as a supply ramp from this quarter onwards.”
