Nvidia Stock Price Levels to Watch After Chip Giant’s $100 Billion Deal With OpenAI

Nvidia (NVDA) shares lost ground in early trading Tuesday after logging their largest one-day percentage gain since July on news the AI Favorite plans to invest up to $100 billion in OpenAI.

Under the deal, Nvidia will supply OpenAI with its next-generation Vera Rubin platform to help the ChatGPT maker build data centers and other AI infrastructure with a capacity of at least 10 gigawatts of power. The companies said they anticipate finalizing the details of the partnership in the coming weeks.

Nvidia shares were down 2% at around $180 in recent trading after surging nearly 4% on Monday. Through yesterday’s close, the stock had gained 37% so far in 2025, handily outpacing broader market returns over the period. Investors have piled into the stock as big tech hyperscalers and sovereign customers invest heavily in the company’s products as they ramp up their AI capacity.

Below, we take a closer look at Nvidia’s chart and apply technical analysis to identify key price levels worth watching out for.

Symmetrical Triangle Breakout

After setting their record high last month, Nvidia shares consolidated within a symmetrical triangle before breaking out from the pattern in Monday’s trading session.

The breakout indicates a continuation of the stock’s extended move higher, with increasing volume in recent days signaling conviction from larger market participants.

It’s also worth noting that the relative strength index has moved back into bullish territory, confirming strengthening price momentum.

Let’s identify two potential bullish price targets to watch on Nvidia’s chart amid the potential for follow-through buying and also point out key support levels worth monitoring during future retracements.

Bullish Price Targets

Investors can use the measured move technique, also known as the measuring principle, to forecast an initial price target if the stock climbs to a new all-time high.

This works by calculating the percentage change between the symmetrical triangle’s two trendlines near their widest section and adding it to the pattern’s top trendline value. For example, in this case, we apply a 16% increase to $179, which projects a target of $207.64, about 13% above Monday’s closing price.

To forecast a longer-term price target, investors can use bars pattern analysis, a technique that analyzes prior trends to forecast future directional movements.

When applying the technique to Nvidia’s chart, we take the stock’s trending move higher from May to August and overlay it from Monday’s breakout point. This forecasts a potential price target of around $255, implying nearly 40% upside from yesterday’s close.

This prior rally accelerated after breaking out above the 200-day moving average (MA), potentially providing clues as to how a new trend higher may evolve after Monday’s decisive breakout above the 50-day MA.

Key Support Levels Worth Monitoring

Investors should initially monitor the $165 level during future pullbacks. This location could provide support near a trendline that links a series of price action on the chart stretching back to early July.

Finally, a larger drawdown in the stock opens the door for a retest of lower support around $150. Investors could look for buy-and-hold opportunities in this region near multiple peaks that formed on Nvidia’s chart between November last year and January this year.

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As of the date this article was written, the author does not own any of the above securities.