Nvidia Hits New Record High

The market witnessed a strong surge in Nvidia's stock on Wednesday.

The technology and artificial intelligence giant's stock rose by

 more than 4% before the market opened.

This follows a rise of more than 3% yesterday.

This comes after the company surpassed $5 trillion in market capitalization,

becoming the first company in the world to reach this milestone, surpassing all its competitors.

This strong rise in the stock price also comes after CEO

Jensen Huang of Nvidia announced that the company expects new orders

exceeding $500 billion for its artificial intelligence chips.

In addition, the company recently announced an investment of more than $1 billion

in Nokia to develop 6G technology.

Technical Outlook

From a technical perspective, the outlook remains bullish for the stock.

This follows its break above the previous high (resistance level),

which was around $195.

In the event of a correction, we anticipate a test of these key levels,

which may now present new buying opportunities for the stock.