May 2025

In this top 3 stock price prediction article, we tell you why the current market conditions favour gains by tech giants, Nvidia, Microsoft and AMD share prices. Nvidia Nvidia stock price has risen in the last two sessions and looks set to continue with the trend as market outlook improves. It has gained 5.7% in the last five sessions and is up by 15% in the last month, affirming bullish control. That said, Nvidia (NASDAQ: NVDA) has failed to breach the $115 mark for the last four weeks, making that level the immediate hurdle. Despite the prevailing market weakness triggered by trade tariff fears, multinational investment bank, Piper Sandler has maintained an "Overweight" rating on Nvidia stock price, with its 12-month target at $150. Also, forecast-beating earnings released by Meta and Amazon last week signal relative stability in the tech space despite the trade tariff disruptions seen in Q1 2025. That augurs well for Nvidia stock price ahead of potential fresh impetus from AMD earnings report expected out today. However, the bank estimates that the company's revenue could take a $9.8 billion hit resulting from reduced data center capex. Nvidia Stock Price Forecast Pivot: NVDA price pivots at $111. Action above level points to upward movement. Breaking below it will invite downward momentum. Resistance: Nvidia stock price will likely meet the first resistance at $114. Second resistance at $117. Support: The first support likely at $108. The upside narrative will be invalidated if the stock goes below that level. That could clear the path to test $105. Microsoft Microsoft stock price is on an upbeat momentum following its recent impressive earnings. The company held its capex forecast at $80 billion for the current financial year, which is good for its cash position, especially in the current global economic climate. For the quarter ending March 31 2025, Microsoft (NASDAQ: MSFT) saw its EPS grow to $3.46, exceeding the forecast $3.22. Also, its revenue grew to $70.07 billion, by 13% YoY and better than the consensus figure $68.42 billion. The 33% growth in Azzure revenues was particularly impressive and justifies the company's substantial capex in the current financial year. Furthermore, Microsoft's guidance for 2025 revenue is between $73.15 billion and $74.25 billion, exceeding analysts' forecast figure of $72.26 billion. The resulting sentiment is likely to stay in play for Microsoft stock price as more tech earnings come out in the near-term. Microsoft stock price prediction Pivot: MSFT price pivot mark likely to be at $431. The upside will prevail above that level. Breaking below that level will favour the downside. Resistance: The first hurdle will likely be at $438, beyond which the next barrier will be at $446. Support: Initial support at $424, below which the upside narrative will be invalid. Secondary support likely at $418. Advanced Micro Devices (AMD) AMD stock price . The company will release its earnings for the quarter ending March 31 2025 on Wednesday, and investors are upbeat of a good outcome. Tech giants like Microsoft, Meta and Amazon have recently released forecast-beating quarterly earnings forecasts. That set up has raised hope that the broader tech space wasn't as adversely impacted by trade tariffs as previously thought. If that is the case, AMD stock price could follow the trajectory seen on MSFT, META and AMZN stock prices in the aftermath of their earnings calls. AMD revenues are expected to grow by 30.1% YoY to $7.12 billion, with EPS growth forecast at $0.93, translating to 50.1% YoY growth. The company's partnership with Dell Technologies for the production of Ryzen Pro CPUs will be a key focus area in its Q1 results. Furthermore, AMD stock price has gained 11% in the last month, and is up by 5% in the last five sessions, pointing to a bullish undercurrent. AMD Stock Price Prediction Pivot: AMD share price momentum pivots at $99.80 and the upside will prevail if action stays above that level. Otherwise, the momentum will shift to the downside. Resistance: Primary resistance likely at $101.90. Second resistance level at $103.60. Support: First support at $98.00, below which the upside narrative will be invalid. Second support likely at $96.20.