Nvidia Holds $166 Support and Rebounds to $175: What Comes Next

Nvidia defended the $166–170 support zone it identified a day earlier and has since rebounded to roughly $175, a move that the analyst who flagged the level says could mark the start of a technical recovery — but only if the stock clears $180.

The call came from TradingView analyst LostPigeon, who on the prior day had described $165–170 as the critical support zone for NVDA and argued that a successful defense of that band could set up a rebound. "That scenario is now playing out," the analyst wrote. Nvidia held above $166 despite what the analyst called intense selling pressure, then snapped back to around $175 — a gain of about 5.4% from the floor.

What drove the weakness in the first place?

The analyst draws a sharp distinction between Nvidia's business and the noise around it. The recent weakness was not simply a reflection of deteriorating AI demand, the analyst wrote. Instead, three pressures stacked up: the controversy surrounding CEO Jensen Huang and the board's independent investigation, broader concerns about inflation and interest rates weighing on technology valuations, and sector-wide caution.

On the investigation, the analyst notes one specific reassurance: Nvidia's board has stated that it has no reason to believe company secrets or national security have been compromised. The concerns remain unresolved — a caveat worth holding onto — but they should be distinguished from an actual deterioration in the underlying business, according to the analyst.

Is the semiconductor sector turning?

Sentiment across the chip sector is improving, and the analyst points to concrete evidence. Strong results from CoreWeave have helped ease concerns about AI infrastructure spending. Micron, Marvell and other AI-related stocks have joined the rebound. The takeaway, in the analyst's words, is that institutional interest in the AI investment cycle has not disappeared.

That is a sector signal, not a guarantee for Nvidia itself; the stock still trades below the resistance level that would confirm the recovery.

What levels should investors watch?

The analyst lays out a precise map:

• $175–176: Immediate support. Holding above this area would indicate buyers are defending the recovery.
• $180: The first major resistance and an important confirmation level. A decisive breakout with stronger volume could open the door toward $185.
• $186–190: The next upside targets if momentum continues and the semiconductor sector stays supportive.
• $166–170: The key downside support zone. A renewed breakdown below it would invalidate the recovery thesis. The analyst also keeps $163 as the broader trade invalidation level from the original setup.

The stance is cautiously bullish — but explicitly not a chase. "I wouldn't chase the rebound blindly at $175," the analyst wrote. "I'd rather see a successful retest of nearby support or a convincing breakout above $180 before increasing exposure."

What could still break the trade?

Three risks stand out, according to the analyst: the ongoing board investigation, upcoming inflation and monetary policy developments, and Nvidia's November 17 earnings report. The analyst's view on priorities is blunt: earnings and forward guidance will ultimately matter more than a short-term technical bounce.

For now, $166 has held. The next test is whether NVDA can reclaim $180 and turn this relief rally into a sustainable recovery. As the analyst puts it: "Confirmation matters more than chasing momentum."