NVIDIA Corporation

NVIDIA Corporation (NASDAQ: NVDA) is a prominent U.S.-based semiconductor and AI computing company recognized for its high-performance graphics processing units and data-center solutions. Its operations encompass AI accelerators, cloud infrastructure, gaming GPUs, professional visualization, and autonomous driving technologies. Backed by its CUDA software platform, advanced chip architectures, and strong leadership in AI hardware, NVIDIA serves as a foundational provider of infrastructure supporting hyperscalers, enterprises, and emerging intelligent applications worldwide.

As per Kalkine’s American Tech Report published on ‘NVDA’ on Dec 09, 2025, Kalkine provided an ‘Buy’ stance on the stock at USD 185.55 based on fundamental analysis.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Rising geopolitical tensions, elevated oil prices, and supply chain risks tied to the Strait of Hormuz are adding near-term uncertainty to the AI ecosystem, pressuring sentiment toward key semiconductor leaders such as Nvidia despite strong long-term demand. At the same time, concerns around hyperscaler spending sustainability, increasing competition from in-house chip development, and potential production constraints for next-generation platforms are weighing on confidence in earnings visibility. Coupled with recent valuation compression in high-growth technology stocks amid higher bond yields and macro volatility, these factors suggest a more balanced risk-reward profile after the recent run-up.

Valuation (Using Price/Earnings Per Share Multiple)

Share Price Chart

Conclusion

Given rising geopolitical uncertainty, emerging competitive dynamics, execution watchpoints, and a less favorable macro backdrop, a "Sell" is recommendation on NVIDIA Corporation (NASDAQ: NVDA) has been given at the closing market price of USD 188.63 as on 10 April 2026.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 10 April 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.