NVDA trades near the lower end of its 200‑day moving average but remains above key support levels, and its data‑center revenue outlook stays robust. Fundamentals and AI tailwinds keep the case bullish.

The market remains upbeat after the CEO dismissed AI‑doomsday warnings, and sentiment stays anchored above the average analyst target of $343.66. A hold rating with upside potential supports a bullish view.

Long‑term risks include competitive AI chip entrants and macro slowdowns, yet NVDA’s dominant AI ecosystem secures growth for the next decade. The long‑term outlook remains bullish.

Technical indicators show a 20‑day EMA crossing above the 50‑day EMA, a bullish MACD histogram, and RSI around 55 with rising volume. These signals point to continued upward momentum.