--- title: "NVIDIA Stock Nears Key Price As Huang Pitches $200 Billion CPU Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/287445660.md" description: "NVIDIA shares have pulled back to a key support level of $212 after its earnings report, closing at $215. CEO Jensen Huang is targeting the $200 billion CPU market, competing with AMD and Intel. The company anticipates strong demand for CPUs as AI adoption rises. Following a record high of $236, technical indicators suggest a potential bullish continuation pattern, with a possibility of reaching $300 if the stock breaks above its all-time high." datetime: "2026-05-23T22:41:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287445660.md) - [en](https://longbridge.com/en/news/287445660.md) - [zh-HK](https://longbridge.com/zh-HK/news/287445660.md) --- # NVIDIA Stock Nears Key Price As Huang Pitches $200 Billion CPU Market **NVIDIA** (NASDAQ:NVDA) shares pulled back following its earnings report and are now approaching a key support level as Jensen Huang eyes the vast $200 billion CPU market. It ended the week at $215, slightly above the key support at $212. ## NVIDIA Is Betting On The $200 Billion CPU Market **Jensen Huang**, NVIDIA's CEO, has fueled the company to become a $5.2 trillion juggernaut by dominating the Graphics Processing Unit industry, which has become essential in AI. Its Blackwell chips are now used to power the biggest AI companies like Microsoft and OpenAI. Now, the company is focusing on the Central Processing Unit (CPU) industry, making it a key competitor to **Advanced Micro Devices** (NASDAQ:AMD) and **Intel** (NASDAQ:INTC). In a statement today, Huang predicted that this is a massive $200 billion industry. His prediction of the market size includes China, a crucial market in the industry. There are early signs that demand for CPUs is soaring as companies shift to agentic AI. Agentic AIs are computer programs trained to perform certain tasks, like programming and shopping. The company is now working on the Vera Rubin platform that it hopes will catch up with its top competitors. **Read Also: Bitcoin Price At Risk As Fed Risk Converge With ETF Outflows And Weak Technicals** A good example of the rising demand for CPUs is the recent Intel earnings**,** which showed that its Xeon server CPU continued doing well. It even sold some of the CPUs that it had avoided selling in the past few quarters as demand surged. AMD also published strong earnings driven by its CPU and GPU business. Huang's statement came shortly after the company published strong financial results and forward guidance. Its first-quarter revenue jumped to $81 billion in Q1 and the management expects it to soar to $91 billion in Q2. The Q2 figure may be highly conservative as the company did not include its Chinese business. The US has allowed ten companies to buy its H200 chips. ## NVIDIA Stock Price Has Dropped to a Crucial Support Level The daily chart reveals that the NVDA stock price jumped to a record high of $236 earlier this month. This rally happened after it formed the highly bullish cup-and-handle pattern whose upper side was at $215. It made a bullish breakout above this resistance level on May 7. Now, technicals suggest that the stock is falling so that it can retest the cup's upper side. This is known as a break-and-retest pattern and is a common bullish continuation sign.  ![NVIDIA stock](https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/23130017/NVIDIA-Stock-1024x567.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) _NVDA stock price chart | Source: TradingView_ Should this occur, the stock would likely resume its uptrend and retest its all-time high. A break above that level would signal further gains, potentially pushing toward $300, in line with Wall Street’s consensus. **Read Also: Are Dividend ETFs Like SCHD, DGRO, VYM Appealing As Bond Yields Jump?** _Image: Shutterstock_ ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [RSPT.US](https://longbridge.com/en/quote/RSPT.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [VGT.US](https://longbridge.com/en/quote/VGT.US.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) ## Related News & Research - [Nvidia CEO says has capacity to supply robust CPU and GPU growth](https://longbridge.com/en/news/288346021.md) - [Nvidia Already is the GPU Giant. 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