Will Nvidia earnings doom NVDA stock amid relentless selling and heavy resistance?

Core Viewpoint - Nvidia is facing a critical week ahead of its fourth-quarter earnings report, with stock performance heavily influenced by market sentiment and resistance levels [1][3][8]. Stock Performance - Nvidia's stock has struggled to maintain a price above $150, currently trading at $134.40, down over 4% for the day and nearly 3% year-to-date [2][3]. - The stock has formed multiple upper wicks, indicating aggressive selling at attempts to reach new highs, particularly in the $135 to $145 range [4][5]. Earnings Expectations - Analysts anticipate a significant earnings report on February 26, with Q4 revenue expected to increase by 73% year-over-year and EPS projected to rise to $0.82 [9][12]. - The earnings report is viewed as a "major risk event," with potential outcomes ranging from a new uptrend to further downside [8][10]. Market Sentiment and Analyst Opinions - Market experts express mixed sentiments; while some analysts remain optimistic about Nvidia's future, others caution about potential sell-offs and weak buying pressure [7][12][13]. - Bank of America maintains a $190 price target, while Jefferies holds a $185 target, dismissing supply chain concerns as exaggerated [12][13]. Industry Context - Nvidia's dominance in the AI sector is underscored by substantial cloud investments from tech giants, totaling $320 billion, although supply constraints may limit growth [9][10][11]. - The ongoing question is whether Nvidia will continue to capture a significant share of the growing AI compute demand [11].