- Nvidia earnings could shake the Nasdaq 100 as traders await key AI data. Will the chip giant deliver another blowout or spark a pullback?
The Nasdaq 100 share price today is showing signs of fatigue after a solid rally in recent weeks, hovering just below the 21,500 level. The Index is trading at 21,414.99 in pre-market trading, with traders cautious ahead of U.S. GDP data and PCE inflation figures due later this week.
Tech stocks continue to do the heavy lifting, but the momentum that drove April’s breakout is starting to slow. With the index trading in a tight range between 21,298 and 21,472, bulls now face a critical test near resistance at 21,534.
Nasdaq 100 Price Outlook and Forecast
The Nasdaq 100 forecast remains cautiously bullish as long as price holds above the 21,000 mark. However, the lack of fresh catalysts and rising caution across risk assets could keep the index range-bound for now.
Resistance Levels:
- 21,534.27 – key ceiling for the week
- 22,138.33 – March high, breakout target
Support Levels:
- 21,000.00 – psychological floor
- 20,581.71 – short-term demand zone
- 19,896.33 – prior breakout point
On the momentum side, RSI is at 66.05, brushing close to overbought, while the MACD is still in positive territory but flattening. The setup reflects hesitation, not reversal, but buyers need a catalyst to break higher.
Top Nasdaq Stocks: Nvidia Reclaims $135, Microsoft Tests Resistance, Apple Still Sideways
The Nasdaq 100’s three heavyweights are showing mixed behavior in pre-market action. Here’s where things stand early on Wednesday:
Nvidia (NVDA)
Nvidia is pushing higher again, last seen trading near $135.50, with bulls eyeing that resistance zone at $136.31.
- RSI is cooling slightly at 63.17, but still supportive of upside continuation
- MACD remains bullish, with the signal line holding positive
- If $136.31 breaks, the next big test sits at $144.46. A rejection, though, could drag the stock back toward $130.03, the last pivot support
So far, the setup leans bullish, but traders should watch closely for exhaustion near the top of this range.
Apple (AAPL)
Apple is showing less energy than its peers, still hovering around $200.21, down from recent highs.
- RSI is weaker at 44.73, signalling indecision or mild bearish drift
- MACD is flat-to-negative, with no real directional impulse
- Key levels to watch: Support at $196.12, and resistance at $206.26
Unless momentum improves, Apple may remain stuck in sideways action, possibly a wait-and-see ahead of summer product events.
Microsoft (MSFT)
Microsoft is flirting with resistance again, trading near $460.38 in pre-market hours.
- RSI is elevated at 71.74, bordering on overbought territory
- MACD remains firmly bullish, though a bit extended
- Support sits at $456.03, with the next resistance up at $468.64
The trend is still with the bulls, but short-term traders may start locking in gains if $460–$468 proves too sticky.
Nvidia Stock Dips Ahead of Earnings, Pulls Nasdaq 100 With It
Shares dipped 0.3% to $135.05 in the last hour, slipping off recent highs and weighing on the broader Nasdaq 100, which briefly ticked lower alongside the move. The selling isn’t heavy, but it’s noticeable, especially across tech ETFs. The Roundhill Magnificent Seven ETF, which holds Nvidia, Apple, and Microsoft, also faded into red after a stronger open.
With no major economic data on deck, the focus is squarely on Nvidia’s earnings after the bell. The stock is holding just below resistance, with RSI hovering at 67.4 and MACD showing signs of stalling momentum. For many traders, tonight’s results won’t just move NVDA, they could set the tone for tech into month-end.
Nvidia Earnings Today: Will the AI Giant Blow Past Expectations or Crash the Nasdaq 100?
The countdown is on. Nvidia will release its latest earnings numbers after the closing bell, and the mood across markets is tense. The stock has climbed over 70% this year, fuelled by explosive demand for AI chips, but now it faces its biggest test yet. With valuations stretched and sentiment running hot, even strong results might not be enough. What investors want is a confident outlook, clear signs that the AI boom still has legs. Right now, Nvidia trades just below $135.24, and any surprise, up or down, could ripple straight through the Nasdaq 100 into Thursday’s open. Traders aren’t just watching numbers; they’re watching tone.
Microsoft Stock Stalls Below Highs as Nasdaq 100 Momentum Cools
Microsoft is still trading near its highs, currently around $468, but the pace is cooling. Just like we noted in the broader Nasdaq 100 update earlier, the momentum that carried these megacaps higher through May is starting to stall.
The stock has been pushing upward for weeks, but today’s price action feels more cautious. RSI is sitting above 70, which traders typically read as overbought, not a reversal signal on its own, but a sign the move may be stretched. MACD is also leveling off, hinting at a slowdown beneath the surface.
If $468.64 remains out of reach, we could see a drift back toward $456, where short-term support is likely to be tested. Overall, the trend still leans bullish, but Microsoft, like the index, looks ready for a breather.
Apple Stock Dips Below $200 as CalPERS Trims Stake, Tariff Fears Resurface
Apple stock is sliding this afternoon, last trading near $198.75, after reports surfaced that CalPERS, the largest U.S. public pension fund, has reduced its stake in the company. The move comes just as new tariff proposals targeting foreign-made iPhones start gaining traction again in Washington. With the bulk of Apple’s production still overseas, investors are beginning to price in the risk of higher costs and thinner margins. Technically, the stock is losing grip on the $200 level, with next support seen at $196.12. RSI has cooled to 46, and momentum remains soft, hinting that Apple may stay under pressure unless sentiment shifts or buyers step in near support.
Sideways Trade for Nasdaq 100 as Wall Street Awaits Nvidia’s Numbers
The Nasdaq 100 opened quietly on Wednesday, trading just above 21,400 as investors take a cautious stance ahead of tonight’s Nvidia earnings. The index is still stuck below 21,534, a level it hasn’t been able to clear despite several attempts over the past week. So far, there’s no strong directional push, just a bit of back-and-forth as traders wait for something decisive. Buyers are holding their ground for now, but without a fresh driver, this sideways stretch could easily last through the U.S. session.
Nasdaq 100 Opens Flat as Traders Wait on Nvidia Earnings for Direction
Markets are open, and the Nasdaq 100 share price is treading water just under 21,500, with investors clearly holding back ahead of Nvidia’s earnings later in the day. The index is bouncing around 21,415, right in the middle of a tight range that’s kept bulls and bears in check all morning. Technically, RSI is still sitting near 66, while MACD is positive but flattening, not a bearish setup, but not one full of energy either. For now, it looks like the Nasdaq 100 is waiting for a headline before picking a direction. A break above 21,534 could spark fresh upside, but without a push, we could stay stuck here through the session.
Nasdaq 100 Awaits Nvidia Earnings as Key AI Catalyst Nears
With the Nasdaq 100 share price still hovering near the 21,400 mark, all eyes are now turning to Nvidia earnings, set to drop after today’s close. The chipmaker’s results are expected to heavily influence Nvidia stock and broader sentiment across top Nasdaq 100 tech stocks, including Microsoft and Apple. Traders are watching for strong AI-driven revenue from Nvidia’s data center segment, with the market already pricing in a sharp move post-earnings. If the numbers surprise to the upside, the Nasdaq 100 index could break above the key 21,534 resistance by the end of the week.
Nvidia Earnings Preview: Can the AI Chip Giant Deliver Another Blowout?
Nvidia earnings are due after the market closes on Wednesday, and Wall Street is watching closely. The stock has become a bellwether for the broader AI trade, and its results often set the tone for tech sentiment in the days that follow. Over the past year, Nvidia has consistently blown past expectations, but with the bar now set incredibly high, even a solid report may not be enough to impress. Traders are positioning for a sizable move in Nvidia stock, according to options flow, with particular focus on its data center performance and forward guidance tied to AI infrastructure. After months of relentless gains, tonight’s results could either add fuel to the rally or trigger some overdue profit-taking.