Nvidia Breaks Above Resistance, Joins xAI Funding for $1.75T SpaceX IPO
Nvidia stock broke above channel resistance, ending its correction and indicating potential new highs with support at 177-185 and invalidation at 164. Nvidia joined Alphabet and Cisco in xAI Series E funding for SpaceX’s $1.75-2 trillion IPO, while Chinese humanoid robot makers eye RISC-V over Nvidia Jetson.
1. Stock Breakout and Technical Analysis
Nvidia shares surged above a descending channel, signaling the end of a correction from recent highs. Technical indicators confirm bulls are in control, with pullbacks to 177-185 viewed as buying opportunities and any drop below 164 invalidating the bullish thesis.
2. Participation in xAI Series E Funding
Nvidia co-invested alongside Alphabet and Cisco in xAI’s latest Series E funding round, positioning itself as a backer of SpaceX’s planned $1.75-2 trillion IPO. This strategic move deepens Nvidia’s ties to AI-driven ventures and underscores its role beyond chip manufacturing.
3. RISC-V Competition in Robot Platforms
Several Chinese humanoid robot makers are evaluating RISC-V architectures instead of Nvidia’s Jetson modules. This shift highlights emerging competition in edge AI hardware and could pressure Nvidia to innovate or adjust pricing to maintain market share.