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In case the price is close below the $150 area the next short-term target will be around $130/25. On the downside, if the bearish momentum continues the next crucial support at $150. However, considering the recent strong bearish sentiment if the stock momentum picks up then $185 is the first immediate resistance area to watch, a break above this level will confirm a possible move to $200/10. Technically the overall momentum remains bearish after the last few week's sell-off. The stock has been under pressure over the past few months. The $NVDA stock is currently supported at $150, and the resistance is around $210. Nvidia shares have lost 40% year-to-date and the stock extended losses on Tuesday currently trading at roughly $162. "Liquid cooling is the next step in accelerated computing for NVIDIA GPUs that already deliver up to 20x better energy efficiency on AI inference and high-performance computing jobs than CPUs," – Nvidia said. The card consumes 30% less power than the air-cooled version. Recently Nvidia has announced a Liquid-cooled Graphic card for data centers at Computex 2022, designed for data centers and supercomputers. The Californian-based company generated record revenue of $7.64 billion, up 53% year over year, as earnings per share of $1.18 surged 103%. In the fourth quarter, Nvidia posted strong financial results helped by performance in its data center and gaming businesses. The company is expected to post quarterly earnings of $1.3 per share and revenues are expected to be $8.12 billion. Computer graphics card maker Nvidia (NASDAQ: NVDA) is set to announce its last-quarter financial results on Wednesday, May 25, after the markets close.
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