Nvidia Stock Price Surges Above $1,000 in 2025 After Earnings Beat and 10-for-1 Split

Key Chart Levels to Watch

Important Highlights

• Following a stellar quarterly earnings report and announcement of a 10-for-1 stock split, Nvidia shares soared over 6% in after-hours trading, breaking the $1,000 mark for the first time.
• CEO Jensen Huang revealed that the upcoming Blackwell chip, introduced at the 2024 GTC conference, is expected to drive further growth later this year.
• Technical analysis suggests a projected price target near $1,180 based on consolidation patterns.
• The current resistance trendline is likely to flip into a strong support level, signaling bullish momentum.

Shares of Nvidia (NVDA), a leading force in artificial intelligence hardware, skyrocketed in after-hours trading on Wednesday following a robust earnings release and a stock split announcement. Surpassing the key psychological threshold of $1,000, the stock is positioned for potential further gains. Here’s a detailed look at the technical outlook and future prospects.

Nvidia Set to Reach Record Highs in 2024

Since January 2023, Nvidia has maintained an upward trajectory, marked by a golden cross when the 50-day moving average surpassed the 200-day moving average. This bullish indicator has prompted consistent buying on minor dips over the past 14 months.

Interestingly, trading volume decreased slightly after Nvidia hit its previous all-time high of $974 in early March 2024, suggesting cautious participation from large investors ahead of the earnings report.

Looking forward, the stock is poised to break out from a three-month consolidation phase. Using a measured move technique—calculating the consolidation range and projecting it from the breakout point—the price target is approximately $1,180.

For investors wary of chasing breakouts, potential pullbacks to the upper trendline of the consolidation zone could offer strong support levels, presenting attractive entry points.

From Gaming GPUs to AI Powerhouse

Nvidia’s transformation from a video game graphics card manufacturer to a dominant AI hardware provider has been remarkable. The company delivered triple-digit revenue growth and significant earnings beats, underpinning its 25-fold stock price increase over the past five years.

Ryan Detrick, Chief Market Strategist at Carson Group, commented, "Death, taxes, and NVDA earnings beats—despite soaring expectations, Nvidia continues to deliver exceptional results."

Demand for Nvidia’s high-performance chips has surged, with tech giants such as Google, Meta, and Amazon heavily investing in Nvidia technology for AI infrastructure. CEO Jensen Huang emphasized that the Blackwell chip, announced earlier this year, will be a key driver of growth in the coming months.

After-hours trading saw Nvidia shares climb 6.1% to $1,007, more than doubling since the start of 2024.

All opinions and analysis on ZAMONA are informational only. Please review our warranty and liability disclaimers.

The author holds no positions in the securities mentioned as of this article’s publication date.

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