Nvidia stock was rising on Tuesday as investors reacted to developments around new products from the chip designer. Shares climbed 1.3% to $151.40 in premarket trading. Futures tracking the benchmark S&P 500 were up 0.1%. Nvidia had risen 3.4% on Monday, briefing topping Apple’s market valuation in intraday trading. The chip designer closed at a market capitalization at $3.66 trillion, putting it on the brink of overtaking the iPhone maker as the world’s most-valuable company. Nvidia CEO Jensen Huang gave a keynote speech at the CES tech trade show in Las Vegas on Monday, unveiling the company’s next-generation gaming graphics cards. But that’s not moving the stock in a major way, given that it’s artificial intelligence rather than gaming that has led to shares skyrocketing over the past two years.

Aurora Innovation stock was surging Tuesday morning after the self-driving technology company revealed its partnership with Nvidia to deploy driverless trucks. Nvidia’s CEO Jensen Huang announced the long-term manufacturing deal with Aurora and Continental, Aurora’s manufacturing partner, at the annual Consumer Electronics Show in Las Vegas. Nvidia DRIVE Thor, an in-vehicle computing platform, will be used in the primary computer of the Aurora Driver, the press release states. Pittsburgh-based Aurora plans to launch its driverless trucks commercially in April 2025, a timeline that has already been delayed from the previous plans to push it out in 2024. CEO Chris Urmson told investors in October that he’s taking a “crawl, walk, run approach” with the trucks, planning to deploy just 10 at the start. The shift in the timeline is expected to have “negligible financial impact,” Urmson had said. Aurora’s stock was up 65% at one point during premarket trading, before

Nvidia (NVDA) remains a leader in artificial intelligence across hardware and software and is expanding its influence beyond cloud services to enterprise and consumer markets, BofA Securities said in a note Tuesday. The company’s Blackwell accelerators are now in full production and support over 200 configurations across major service providers positioning it to meet growing AI demands, according to the note. BofA said the new Cosmos platform has streamlined faster development of physical AI targeting industries like autonomous vehicles and robotics. “Nvidia’s Llama Nemotron and Cosmos Nemotron now offer tools for AI agents capable of language and video/image perception abilities, applied to various real-life applications,” the firm said. BofA has a buy rating on Nvidia’s stock with a price objective of $190.

NVIDIA (NASDAQ:NVDA) stock has had a poor recent performance, underperforming the NASDAQ100 and S&P 500, but now is an opportunity to buy. NVIDIA (NASDAQ:NVDA) Daily candlestick chart – 11.12.2024 As of the close, NVIDIA shares fell 2.69% to close at $135.007, falling below $134 intraday, mainly affected by the semiconductor index, Broadcom, TSMC, etc. all fell sharply. NVIDIA has very strong buying support at $131, and according to my recent trading records, the range of $130-$145 is very profitable, but it should be noted that there is no probability of falling below $130, so the total position is controlled within 30%. At the moment my position is within 30%, and if it falls below $130, I will increase my position again, and this probability has started to rise recently. Buying on dips is still a very good opportunity to trade profitably. As for the valuation level, I think the overall