Nvidia Stock Rises Over 5% After Bullish Opening on April 23
Nvidia stock opened at $98.89 and quickly surged past $103.92. Strong demand for AI chips continues to fuel the uptrend in NVDA.
Key Highlights:
Nvidia stock started strong on April 23, opening at $98.89 and surging to $103.92 in the early session. This represents a 5.08% gain over its previous close, making Nvidia (NASDAQ: NVDA) one of the top-performing chipmakers in today’s trade.
The bullish move reinforces Nvidia’s leadership in the AI and semiconductor space, with investors responding positively to global chip demand trends.
Key Numbers – Nvidia Stock Snapshot
- Opening Price: $98.89
- Current Price: $103.92
- Change: +$5.03
- Change (%): +5.08%
- Market Cap: $2.58 Trillion
- Volume (Early Trade): Higher-than-average
- 52-Week High: $109.38
What’s Fueling Nvidia Stock Today
- AI Chip Demand: Ongoing demand from cloud, gaming, and data center verticals driving investor interest
- Semiconductor Sector Momentum: Broader tech and chip rally lifting NVDA alongside AMD and Intel
- Pre-Earnings Positioning: Traders are positioning ahead of Nvidia’s next quarterly update, expected to show YoY growth in revenue and EPS
Nvidia Stock Outlook for April 23
Nvidia is likely to remain in the spotlight with traders watching for a breakout above $105. If sustained, this could push the stock closer to its all-time high around $109. Support lies at $100 for the day.
What This Means for Investors
- Short-Term Traders: Can track volume-based breakouts above $104 for potential quick gains
- Swing Traders: Should trail stop-loss around $101 to lock in profits
- Long-Term Holders: Nvidia remains a top conviction pick for those betting on the future of AI, autonomous tech, and computing infrastructure
Nvidia Stock Technical View
The RSI has crossed above 65, indicating strong upward momentum. MACD remains in bullish crossover, and the price action confirms an ascending triangle breakout on the daily chart.
Final Word – Nvidia Stock on April 23
Nvidia continues to outperform amid heightened market interest in AI and semiconductors. With technical breakout confirmation and bullish sector-wide support, NVDA could lead the Nasdaq through this earnings-heavy week.
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