NVDA has broken decisively above the $198.44 resistance band and reclaimed the $200 psychological level, establishing a base-and-breakout structure with accelerating momentum (+3.65% today). China's reported relaxation allowing select AI firms to purchase H200 chips [9] removes a key overhang and opens incremental addressable market, while the AI Memory Chip Supercycle theme and sustained hyperscaler capex commitments provide fundamental tailwinds for continuation toward the June 18 high of $210.40 and beyond. Entry at $204.12 offers a favorable risk/reward as momentum builds on both technical breakout and improving fundamental backdrop.