Nvidia Corporation(NASDAQ:NVDA) opened about 6.6% higher on Thursday after printing better-than-expected second-quarter earnings and announcing a $25 billion share buyback.

Benzinga predicted Nvidia was likely to trade higher on Thursday, due to the uptrend the stock has been trading in since Aug. 14. When the semi-conductor and AI stock opened Thursday's trading session, it reached a new all-time high but began to drop on high volume, almost completely closing the lower gap, before popping up slightly higher.

Although Nvidia remains in an uptrend, a pullback is likely to come over the next few days because...