Nvidia shares rise ahead of earnings announcement

Markets await Nvidia's earnings results on Wednesday

Global and US markets are awaiting the earnings results of Nvidia,

 the technology and artificial intelligence giant.

 The company is expected to release its earnings statement next Wednesday.

The stock rose 0.40% today ahead of the results announcement.

We are expected to see significant volatility in the S&P 500, 

as Nvidia represents approximately 8% of the index's value.

The company's results are also expected to impact other companies, 

such as Microsoft and Google, both positively and negatively.

They will also have a strong impact on the technology sector, 

so everyone is eagerly awaiting the results, 

given their broad and powerful impact on the US market.

Technical Outlook

The stock is still moving sideways on the daily chart.

This trend is expected to continue until tomorrow's results are announced.

If the results are positive, we may see a breakout of the resistance level at $184,

which will allow the stock to continue its upward trend. However,

 if the results are unexpected, we may see a decline in the stock

 in the short and medium term, and a test of the support level at $164. 

If we close below it, we may see a continued decline and correction, reaching the $153 level.