NVIDIA Corp’s shares fell 4.6% to $217.49 on Friday, paring some of the gains from a post-earnings gap-up as investors took profits following the chipmaker’s quarterly results.
The company reported adjusted earnings per share of $2.22, topping the $2.08 estimate, while revenue reached $96.2 billion, up 83.4% year-over-year and above the $91.9 billion consensus. Gross margin expanded to 74.7%, and return on equity climbed to 117.2%. For the current quarter, NVIDIA guided revenue to $108 billion, plus or minus 2%, which excludes China data center sales entirely and surpasses the $104.2 billion consensus.
Analysts at Wedbush maintained a bullish stance, assigning NVIDIA a fair value estimate of $281.50, implying a 29.5% upside from current levels. The stock trades at 27.2x trailing earnings and 22.6x forward earnings, with a consensus target suggesting 38.2% further gains.
Technical indicators remain constructive. The weekly chart is rated “Strong Buy,” with the relative strength index at 56.9 and the moving average convergence divergence in positive territory. Daily momentum is neutral, with the RSI at 52.2, reflecting a brief consolidation phase after the earnings-driven surge. Key support sits at $216.88 (weekly S2 pivot) and $210.18 (weekly S1), while resistance is marked at $232 (weekly R1) and $236.54 (52-week high). The shares are holding above the 5-day simple moving average of $215.32 and the 10-day SMA of $217.05.
The broader market pullback this week saw NVIDIA outperform as a top dip-buy candidate, contrasting with other high-growth names that faced steeper declines despite meeting or beating expectations.
