Nvidia Shares Hold Near 185 as China Export Hopes and Earnings Loom

Following statements by U.S. President Donald Trump about a willingness to consider exporting NVIDIA H200 accelerators to China, media outlets have actively discussed the possibility of resuming and expanding shipments of previous-generation Hopper high-performance GPUs to the Chinese market. These chips are considered among the key solutions for artificial intelligence workloads. Before the introduction of restrictions, China remained one of Nvidia Corp.’s largest markets, accounting for an estimated 20.0–25.0% of revenue, or $6.0–7.0 billion, in fiscal year 2022, including Hong Kong. After tighter export controls in 2023–2024, this share declined sharply, with flagship accelerators either restricted or replaced by downgraded versions with reduced performance. Recently, Ro Khanna, a leading Democratic member of the U.S. House of Representatives, suggested possible support for exporting Hopper chips over the course of the year, while opposing the sale of next-generation solutions such as the Blackwell microarchitecture and the Rubin platform, which are expected to underpin Nvidia’s next technology cycle in 2025–2027. Industry analysts estimate that Blackwell will deliver 30.0–50.0% higher AI performance than Hopper, alongside improved energy efficiency, significantly increasing the strategic sensitivity of these products.

The company’s financial report is due on February 25, with analysts expecting record revenue of $65.56 billion, up from $57.00 billion in the previous period and $39.33 billion a year earlier. Earnings per share are forecast to reach $1.52, compared with $1.30 and $0.89, respectively. The most recent dividend was paid on December 26, with shareholders receiving $0.01 per share, equivalent to a quarterly yield of 0.02%, versus a sector median of 0.91%.

Support and resistance levels

On the daily chart, the instrument is trading near the resistance line of an ascending channel with boundaries at 195.00–170.00.

Technical indicators maintain an unstable buy signal: the EMA range of the Alligator indicator is narrowing downward, while the AO histogram is forming corrective bars and approaching the zero line.

Resistance levels: 193.50, 212.00.

Support levels: 172.00, 146.00

Trading scenarios and Nvidia price forecast

Long positions can be opened after a rise and consolidation above the 193.50 level, with a target at 212.00. Stop-loss: 185.00. Time horizon: 7 days or more.

Short positions can be opened after a decline and consolidation below the 172.00 level, with a target at 146.00. Stop-loss: 180.00.