Stock of the day: Nvidia

From a technical perspective, this jump is extremely important. The chart had been showing a potential head and shoulders pattern, with the shoulders and head marked by orange rectangles and the neckline marked in blue. NVIDIA was sitting just above that neckline, meaning a bearish continuation was still possible. A confirmed breakout below it would have triggered a strong sell signal. Instead, the upcoming bullish gap invalidates this risk scenario, pulling price decisively away from the neckline and rescuing the chart from a major bearish formation.

With the bearish pattern neutralized, the sentiment shifts clearly to the upside. The momentum generated by earnings opens the door for NVIDIA to continue climbing and potentially challenge or even set new long-term highs. As long as buyers manage to hold the post-gap levels, the outlook remains constructive and the bearish threat from the head and shoulders fades into the background.