Nvidia Tests $215 Support After Earnings Pullback From $236.54 Record

4 articles · Updated · CNBC · May 26

$215 became Nvidia's key line Tuesday as the stock slid back to the former breakout zone after peaking at a record $236.54 on May 14 and then weakening after earnings.
That level matters because the $210-$215 area had capped the shares twice over the past year, and technical analysis says old resistance should turn into support after a breakout.
A close back above $215 would suggest the next leg higher is intact, while a decisive break below it would turn that support into resistance again and revive the late-April trading range.
Despite the chart damage, the report says Nvidia's fundamentals remain strong on rapid earnings growth and sustained AI-chip demand, though continued stagnation could prompt a smaller position or a larger cash-return strategy.

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