New York, June 5, 2026, 05:02 EDT
- Nvidia last quoted at $218.66, up around 1.8% ahead of the main Nasdaq open.
- Nasdaq’s regular hours are 9:30 a.m. to 4 p.m. ET. The 2026 holiday calendar shows the next market closure will be June 19 for Juneteenth.
- Nvidia faces a test after Broadcom’s AI-chip forecast let down investors and Nasdaq futures slipped early Friday.
Nvidia traded above $218 ahead of the U.S. session Friday. The world’s largest AI-chip name heads into the day with chip stocks under a cloud, after a Broadcom-driven drop weighed on the sector.
Shares last traded at $218.66, up $3.95, or nearly 1.8%. That gives the company a market cap around $5.33 trillion. Premarket action is often thin and fast, and the moves don’t always stick when the main market opens at 9:30 a.m.
Nvidia is the key benchmark for the artificial-intelligence buildout right now. A graphics processing unit, or GPU, is what powers training and inference of big AI models. Nvidia’s GPUs are still the main choice for the industry, even with some customers and rivals looking to develop their own specialized chips.
Broadcom shares faced pressure after the company missed second-quarter revenue expectations and guided for $16 billion in current-quarter AI-chip sales, just under Visible Alpha’s $16.36 billion forecast. CEO Hock Tan kept the long-term sales target unchanged. “They just didn’t raise it,” said Ben Bajarin, CEO of Creative Strategies. Reuters
That hit sent Broadcom down 12.6% on Thursday. AMD dropped too, along with other chip stocks. Marvell’s custom-chip push stayed in the mix. Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest, said investors kept “buying the dip,” but weren’t fully questioning chip valuations yet. Reuters
Nasdaq futures skidded 1.2% and S&P 500 futures lost 0.6% early Friday as tech selling dragged on for a second day, Reuters reported. “Quite a risk-off today,” said Charu Chanana, chief investment strategist at Saxo, pointing to “extremely high” AI expectations. Reuters
Nvidia was in the news on its own as well. CEO Jensen Huang landed in South Korea, saying robotics is likely the nation’s next big industry and matching Nvidia’s AI and robotics plans to Korean chip, memory, and manufacturing firms. Huang told reporters he brought “a lot of business for Korea” and teased “some surprises.” Reuters
Foxconn, the top server maker for Nvidia, flagged a stronger than expected signal for demand. The Taiwanese group said its Q2 numbers should come in well above its previous forecast for “significant” growth. It did not provide any specific figures. Reuters
Nvidia’s demand base is massive. The company posted first-quarter revenue of $81.6 billion on May 20, an 85% jump from last year. Data center revenue landed at $75.2 billion. Nvidia projected second-quarter revenue of $91 billion, excluding any data-center compute sales from China.
But the downside is pretty clear. If investors read Broadcom’s slight miss as proof that hype around AI chips has got ahead of what demand can deliver right now, Nvidia could slip as well—even if company news stays quiet. China rules, tougher supply chains, and quicker moves from custom-chip rivals like Broadcom and Marvell all feed into that risk.
Nvidia is not the only catalyst on the radar. U.S. payrolls data coming Friday could drive rates and growth stocks. Reuters reported forecasts for an 85,000-job gain and jobless rate unchanged at 4.3%. A bigger increase could shake investor confidence in a Fed pivot to easier policy.
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