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@chartclub· Jun 2
CHART ANALYSIS
# $NVDA Holding $200. S&P 500 Inclusion June 22. NVIDIA is trading near $205 with its S&P 500 inclusion scheduled for June 22. That is 20 days away. S&P 500 inclusion forces index funds to buy. The passive buying pressure is mechanical and predictable. Every dollar indexed to the S&P 500 must hold NVIDIA at its market-cap weight. The setup: $NVDA has consolidated above $200 for two weeks. Forward P/E is 25.4x on $215.9 billion in fiscal 2026 revenue. That is cheaper than $AMD at 84.4x. COMPUTEX 2026 this week featured CEO Jensen Huang unveiling the Vera CPU and Rubin architecture. The product cycle continues to accelerate. Key level: $200 is the floor. A hold above $200 into inclusion creates the conditions for a squeeze higher. A break below $200 would be concerning. #NVIDIA #SP500 #GPUs #AIStocks
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