Nvidia rises 4.3% to $220.89 near 52-week high

Volume was 102.7 million shares, lighter than the prior two sessions but still enough to confirm institutional participation in the move. Technical indicators also turned more constructive: the 14-day RSI rose to 60 from 49.6 a day earlier, while MACD flipped back into positive territory at 1.04, above its signal line at minus 0.527.

The recovery comes after Nvidia briefly lost altitude in late July, when the stock sank to $190.01 and its RSI fell into oversold territory. Since then, the shares have climbed nearly 16%, reinforcing the “revenge trade” view that investors who bought the dip in the AI complex are being rewarded as sentiment stabilizes.

That broader AI bid is visible across peers and suppliers. Microsoft finished at $488.70, near the top of its own recent range, while Taiwan Semiconductor Manufacturing Co. closed at $415.86 after recovering from a sharp late-July drop. The group’s strength points to renewed confidence that spending on chips, cloud infrastructure and data centers will keep flowing even as markets rotate between growth and defensives.

For investors, the key question is whether Nvidia can hold above the $220 area and break convincingly beyond the upper technical band, which would open the door to another leg higher. The next catalyst remains the company’s earnings and any fresh signs that AI demand is still outrunning supply.