New York, Jan 5, 2026, 05:52 EST — Premarket
- Nvidia shares rose 0.7% to $190.18 in premarket trading; the stock last closed at $188.85.
- CEO Jensen Huang is scheduled to speak at CES in Las Vegas at 1 p.m. PT.
- Foxconn’s record quarterly revenue, driven by demand tied to AI servers, helped support sentiment across the AI hardware supply chain.
Nvidia (NVDA.O) shares rose 0.7% to $190.18 in premarket trading on Monday, ahead of a CES appearance by Chief Executive Jensen Huang. The stock last closed at $188.85.
The early move matters because Nvidia remains a high-beta gauge of investor appetite for artificial intelligence, or AI, spending. The company’s chips and systems are central to data centers that train and run AI models, making any signal on demand ripple quickly across the sector.
This week’s U.S. jobs report due on Jan. 9 is one of the main macro hurdles for rate-sensitive growth stocks, after the Federal Reserve cut rates at its last three meetings of 2025 and investors debate how much more easing is left in 2026. A shift in interest-rate expectations can swing valuations for mega-cap tech.
CES’s schedule shows Huang is due to take the stage at 1 p.m. PT (4 p.m. ET) at the Fontainebleau Las Vegas. The event is billed as a press conference highlighting Nvidia solutions aimed at boosting productivity across industries.
Support for the AI hardware narrative also came from Taiwan’s Foxconn, the world’s largest contract electronics maker and a key Nvidia supplier. Foxconn reported record fourth-quarter revenue and pointed to demand for AI products, including AI server rack systems, as a driver.
Investors will also watch peers for cues on competitive positioning in AI accelerators, the chips used to speed up AI workloads. AMD said its CEO Lisa Su will deliver a CES keynote at 6:30 p.m. PT outlining the company’s AI strategy across cloud and devices.
On the charts, traders often map “resistance” as a price area where selling can pick up, and “support” as a level where buyers may step in. Barchart’s pivot model showed first resistance near $191.77 and first support near $187.10, with Nvidia’s 52-week high listed at $212.19.
But the risk for Nvidia’s AI-led rally is that the boom brings its own constraints, from power demand to higher component costs, just as markets weigh whether inflation re-accelerates. “The costs are going up not down in our forecast, because there’s inflation in chip costs and inflation in power costs,” Morgan Stanley strategist Andrew Sheets said. Reuters
After Huang’s CES appearance, investors will focus on whether macro data alters the rate path and, in turn, appetite for expensive growth names. Nvidia’s next major scheduled catalyst after CES is its fourth-quarter fiscal 2026 results on Feb. 25.
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