Wild Ride In NVIDIA After Q4 Beat

NVIDIA Corporation NVDA shares are trading lower by $2.00 at $114.38 in Friday's session.

The Street is still trying to digest its Q4 EPS of $0.29 along with a $17.3 million beat for revenues. This marks the 19th quarter in a row it has beat for EPS.

After a higher open, it continued in that direction but failed to make a new all-time high ($120.92), only reaching $120.70 and then reversed course.

Trapped longs began to smash bids and the ensuing decline took the issue to $112.68 as of 10:12 a.m. ET and it's attempting to rebound.

Based on the daily charts, the next two support levels come in at its February 2 low ($112.06) and its February 1 low ($109.86).