Nvidia Stock Surges 22%, Recovers DeepSeek Losses Before Blackwell GPU Reveal
Nvidia stock jumps 22% in February, reclaiming DeepSeek losses as excitement builds for the earnings report and the launch of the Blackwell GPU.
Nvidia’s stock has bounced back from recent losses, fueled by a 22% rally in February that has lifted shares above key technical levels. Investors are now looking ahead to the company’s much-anticipated earnings report next week, with a spotlight on updates about its next-generation Blackwell GPU.
On Tuesday, Nvidia stock climbed to an intraday high of $143.44, surpassing its January 24 closing price of $142.62—the last session before the historic $589 billion DeepSeek-driven sell-off. Although shares later eased to $140.34, marking a 1% daily gain, the stock’s rebound signals renewed investor confidence.
Nvidia Breaks Key Technical Levels
Nvidia’s recent surge has pushed the stock above critical technical markers. Shares have crossed both the 50-day and 200-day moving averages, important indicators traders use to assess a stock’s momentum.
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Market analysts have highlighted $130 as a crucial support level and $140 as a significant resistance point—both of which Nvidia has now exceeded. This technical breakout could pave the way for further gains if the company’s earnings report delivers positive news.
Investors Focus on Blackwell GPU Launch
Much of the market’s attention is on Nvidia’s February 26 earnings report, where investors expect details on the company’s new Blackwell GPU. This next-generation platform is viewed as a potential growth driver that could solidify Nvidia’s dominance in artificial intelligence and advanced computing.
Bank of America analyst Vivek Arya warned that Nvidia’s stock may face short-term volatility after the report. He pointed to a possible slowdown in the first quarter as the company transitions from its current Hopper GPUs to the more advanced Blackwell line.
Despite these concerns, Arya remains bullish on Nvidia’s long-term outlook. He highlighted the company’s robust product pipeline and expanding reach into areas like robotics and quantum computing, which could drive sustained growth.
Stock Valuation Remains Attractive
Even after February’s strong gains, analysts argue that Nvidia’s stock is still attractively valued. Arya noted that Nvidia is trading at a 24x price-to-earnings (P/E) ratio based on 2026 estimates. This sits at the lower end of the company’s historical valuation range of 25x to 56x, suggesting there may be more room for the stock to climb.
Nvidia’s Partners Expect Revenue Growth
The rollout of Blackwell GPUs is also expected to benefit Nvidia’s key partners. Super Micro Computer, which integrates Nvidia’s GPUs into its server systems, recently forecasted stronger revenue as the new platform ramps up.
"We expect the growth in next-generation platforms to accelerate as supply increases this quarter and beyond," said Charles Liang, CEO of Super Micro Computer. This signals broader industry optimism around Nvidia’s new products and their potential impact on future earnings.
Earnings Report Will Be a Major Test
With Nvidia breaking technical barriers and anticipation growing around its new GPU platform, the upcoming earnings report will be a crucial event for investors. Positive guidance or strong financial results could further boost the stock, while a cautious outlook could trigger short-term price swings.
As Nvidia continues to innovate and expand, its earnings and product announcements will remain key drivers of market sentiment and future growth.
Also Read: Nvidia Stock Recovers After $600 Billion Loss from DeepSeek's AI Model
