From its all‑time high on October 29, 2025 at $212.19, Nvidia (NVDA) began a pullback to correct the cycle that started from the April 2025 low. The decline reached $164.27, where the stock completed the correction and turned higher with improving momentum. The advance from the March 30, 2026 low is developing as a five‑wave impulsive structure, and this supports the view that NVDA is preparing for a new record high. Wave 1 ended at $177.37. Wave 2 then pulled back and finished at $170.23, as shown on the 30‑minute chart. The stock has since progressed into wave 3, which subdivides into another five‑wave sequence in a lower degree. From the wave 2 low, wave ((i)) ended at $190. The pullback in wave ((ii)) concluded at $185.14. Wave ((iii)) extended higher and reached $200.4, confirming the