A breakout pattern in Nvidia’s daily chart suggests Nvidia stock price May 2 2025 may test resistance near $860, driven by bullish moving average convergence and fund inflows from large asset managers. The Fed would normally hold interest rates steady with inflation still hovering above 2%, but the jobs market has thrown a spanner in the works. The U.S. economy created just 73,000 new jobs in July, which was below the 110,000 economists expected. Plus, in that same non-farm payrolls employment report, the Bureau of Labor Statistics (BLS) revised the May and June numbers down by a combined 258,000 jobs, suggesting the economy is far weaker than initially thought. LRCX Jumps 15% In A Week, Should You Buy The Stock? Nvidia stock price May 2 2025 remains a high-conviction play among analysts, supported by expanding profit margins, strong free cash flow, and unmatched leadership in AI GPU technology.