Nvidia Eyes Resistance After Major AWS GPU Deal

Nvidia stock recently bounced 5% to trade above $226, but the share price now faces a major resistance test near $236. This level marks the stock high from May, and traders are watching closely to see if buyers can push past it.

The recent upward momentum comes after Nvidia and Amazon Web Services announced a massive partnership. The two tech giants plan to deploy 2 million Nvidia graphics processing units across cloud infrastructure by 2028, creating significant long term growth opportunities alongside fresh operational risks.

Market participants will be watching trading volumes closely this week to see if the stock can break through resistance. Sustained momentum in major artificial intelligence hardware suppliers often sets the tone for broader tech sector sentiment.