Nvidia is expected to report earnings of $2.07 on revenue of $11.13bn. Earnings due tomorrow after market hours.

Taking a look at Nvidia ahead of its earnings tomorrow, currently trading at around $461.19 a share. The chipmaker reached a new all-time high earlier today of $483.02, now some profit-taking is taking place after its rally yesterday and today.  From a technical viewpoint, it has broken out of the triangle on the chart suggesting further upside may now be possible. However, the general market has eyes on the company’s earnings as the report will demonstrate whether AI has had the positive outcome that both investors and the market have priced in. Anything less than a beat may see a significant wobble; hence, support levels sit at $440.46 then at $419.94 (along the ascending trendline). A break below the trendline could then see a test of further support levels sitting at $396.45 (upper dotted) followed by $375.14 (lower dotted). Though that would be a classed as a significant decline at this moment in time. Resistance is now the new all-time high of $483.02. Over to the technical indicators, MACD has just turned positive on the daily interval and RSI reads 58.