Nvidia Corporation’s shares fell 1.77% to close at $219.51 despite reporting first-quarter results that beat analyst expectations. The company posted revenue of $81.61 billion, ahead of the $78.91 billion consensus forecast, and EPS of $1.87, beating the estimated $1.75. These figures represent year-on-year growth of 85% in total revenue and 123% in EPS. Nvidia also forecast second-quarter revenue above market expectations and announced an $80 billion share repurchase scheme, as reported by Reuters. Technically, Nvidia’s long-term trend remains bullish, with shares trading above their 50-day, 100-day, and 200-day Simple Moving Averages, though short-term momentum indicators are in overbought territory. Resistance levels are identified at the record high of $235 and the $250 milestone, while support levels sit at $210, $190, and around $165. Both the Moving Average Convergence Divergence and the Relative Strength Index are tracking within overbought zones, indicating a possible short-term retracement or extended consolidation.