Will NVIDIA’s Earnings Continue to Support Its Share Price NVDA?NVIDIA CorporationBATS:NVDAKrisadaYoonaisilWill NVIDIA’s Earnings Continue to Support Its Share Price (NVDA)? Fundamental Analysis 1. NVIDIA’s fundamental outlook remains positive, supported by robust demand for AI infrastructure. However, the stock may face short-term volatility or consolidation ahead of its 26 Aug earnings release, as much of the positive outlook has already been priced in. 2. Further support comes from NVIDIA’s collaboration with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to develop financing platforms capable of mobilising more than 500 bln USD in third-party capital for AI infrastructure. This could make it easier for customers to finance purchases of NVIDIA’s computing systems. 3. In addition, TSMC’s Jul sales rose by approximately 45% YoY, while cumulative sales for the first 7 months increased by 37%, indicating that demand for advanced chips remains strong. This is positive for NVIDIA’s GPU orders, although higher chip manufacturing costs could pressure future margins. 4. Overall, the medium-term outlook remains bullish, supported by continued AI investment and NVIDIA’s leadership in GPUs. However, earnings may need to beat expectations decisively to support a sustainable advance. Forward revenue guidance and the gross-margin outlook amid rising chip and memory costs will likely matter more than the backward-looking results. Technical Analysis 5. NVDA rebounded strongly from the ascending trendline, indicating that the uptrend remains intact. The stock opened the week with a gap up above the diverging bullish EMA stack, reflecting strong upward momentum. 6. If the price breaks above the previous high at 236.00, it may advance toward the 161.8% Fibonacci Extension at around 264.00. 7. However, the price may first pull back to fill the gap near 212.00 around the EMA stack before resuming its broader uptrend. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness