We haven’t missed this Nvidia rally yet – Is this the never-to-return opportunity?

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Nvidia is on form

We saw a strong rebound in the chip manufacturers’ papers towards the end of last week, although the most convincing performance was provided by AMD, whose price closed almost 5 percent higher on Friday, but Nvidia also performed strongly after the company’s CEO Jensen Huang told CNBC “Closing Bell Overtime” in an interview on his show, he said that they are experiencing crazy demand for the company’s next-generation artificial intelligence chip, Blackwell.

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An exciting technical picture

We have already mentioned recently that a narrowing triangle can be observed on Nvidia’s chart, from which the price may break out soon.

Well, with the rise we saw towards the end of last week, we came very close to the expected breakout: