Nvidia stock reaches all-time high above $236 as China demand reignites AI momentum and earnings beat expectations.

Nvidia stock climbed to a fresh all-time high above $236, pushing market capitalization toward $5.7 trillion. The stock posted record quarterly revenue of $81.6 billion and Q2 revenue guidance of $89.2 billion to $92.8 billion, both above expectations. Year-to-date, NVDA is up more than 25%, and over the past 12 months, the stock has gained more than 70%.

Major Chinese technology firms including Alibaba, Tencent, ByteDance, and JD.com are reportedly preparing to purchase Nvidia's H200 processors, pending regulatory approvals. This renewed demand comes despite ongoing US export restrictions on chips to China.

Technical indicators show near-term momentum exhaustion: RSI is hovering near 64–65, CCI has entered overbought territory above 130, and Stochastic RSI has generated a short-term sell signal. The stock is trading above its 20-day moving average near $210, with the Ichimoku Kijun level at $210.63 acting as immediate support. Over the next several sessions, NVDA is expected to trade between $215 and $235.