Date: Wednesday, November 12, 2025
Nvidia shares are pointing higher in early trading on Wednesday after a key supplier signaled another leg of demand for AI infrastructure. The move comes a day after the stock slipped on headlines that SoftBank sold its entire Nvidia stake, shifting the narrative from a one‑off shareholder exit to the strength of the order book behind AI servers.
NVDA at a glance (as of this morning)
- Previous close (Nov. 11): $193.16
- Premarket indication (Wed.): roughly +1.5% near the mid‑$190s
- 52‑week range: $86.62 – $212.19
Premarket indications and commentary point to Nvidia trading about 1.5% higher before the open. The prior close and 52‑week range are based on LSEG/Reuters data. Exact prices will fluctuate into the opening bell.
What’s driving today’s move
Foxconn’s AI server surge. Taiwan’s Hon Hai (Foxconn) — a major Nvidia manufacturing partner — posted a stronger‑than‑expected third quarter and said AI‑related products are set to drive growth into 2026. Importantly for Nvidia investors, Foxconn said its cloud and networking segment, which includes AI servers, again surpassed smart consumer electronics revenue, and it expects AI‑server revenue to rise further in Q4. The company also teased an OpenAI‑related announcement at its tech day next week. Markets read that as confirmation that hyperscale and enterprise AI build‑outs remain on track.
Premarket tone. U.S. equity futures are generally firmer this morning, and chip shares are catching a bid after AMD’s long‑term targets stoked optimism about data‑center demand. Nvidia was quoted up in the premarket alongside AMD’s gains.
The SoftBank overhang — and why it matters less today
On Tuesday, investors digested SoftBank’s disclosure that it sold its entire Nvidia stake (about $5.8 billion), a move tied to funding its expanding AI ambitions. The news pressured NVDA shares yesterday, but it represents a single shareholder rotation rather than a change to Nvidia’s fundamentals or backlog. SoftBank shares fell in Tokyo today as investors focused on the firm’s funding needs for new AI investments — reinforcing that the selling pressure was issuer‑specific, not a signal of deteriorating demand for Nvidia’s chips.
Competitive lens: AMD’s targets, Nvidia’s moat
AMD’s investor‑day guidance (a five‑year path to ~$100B in annual data‑center revenue) underscored the size of the market and the multi‑year runway for accelerated computing. Yet Reuters notes Nvidia still commands a dominant share of AI compute and software tooling, which is why the market often treats strong AMD commentary as a read‑through positive for demand rather than a zero‑sum headwind for Nvidia — at least near‑term.
Near‑term catalyst: Earnings next week
Nvidia will report Q3 FY2026 results after the close on Wednesday, Nov. 19 (2 p.m. PT / 5 p.m. ET) with written CFO commentary posted shortly before the call. Given how tightly supply has been constrained this year, investors will watch for: (1) Blackwell ramp timing and customer delivery cadence, (2) data‑center revenue mix, (3) comments on HBM memory supply, power and rack‑level systems, and (4) any update on shipments to China under evolving export and local‑approval regimes.
Last week, Nvidia’s CEO said there were no active discussions to sell the company’s state‑of‑the‑art Blackwell chips into China right now, keeping attention on non‑China demand, sovereign AI projects, and U.S. hyperscale rollouts. That policy backdrop will be a key earnings‑call topic.
How today fits the bigger picture
- Demand signal: Foxconn’s beat and upbeat AI‑server outlook extend a year‑long pattern: spending is migrating from consumer devices to accelerated data‑center infrastructure where Nvidia’s platforms sit at the center.
- Flow vs. fundamentals: The SoftBank divestiture explains yesterday’s downdraft but doesn’t change order intent at cloud providers, enterprises or governments; it’s capital recycling to fund separate AI bets.
- Set‑up into earnings: With the print one week away, positioning will likely swing on supply commentary (Blackwell systems, HBM, rack‑scale NVL72/GB200 systems) and any signs of normalization from this year’s constraint‑driven pricing. Timing matters: Nvidia’s call is confirmed for Nov. 19.
Bottom line for Nov. 12, 2025
Nvidia stock is stabilizing after a stakeholder headwind and is being buoyed by fresh evidence of AI‑server demand from the supply chain. The harder questions — how quickly Blackwell ships at scale, how sticky pricing stays, and how export rules shape mix — arrive next Wednesday. For today, the tape is treating Foxconn’s message as the more important signal than SoftBank’s exit.
Disclosure: This article is for news and commentary purposes only and is not investment advice. All quoted prices and premarket indications are subject to change.
Sources
- Foxconn Q3 and AI server outlook; OpenAI‑related teaser: Reuters.
- Premarket tone; AMD/NVDA premarket moves: Reuters; Barron’s.
- SoftBank stake sale and funding context: Reuters.
- NVDA previous close, 52‑week range: LSEG/Reuters.
- Nvidia earnings date and call details: Nvidia Newsroom (press release).
