Nvidia Stock Gains as Wall Street Anticipation Builds Ahead of Huang’s Speech
Nvidia was rising in premarket trading on Tuesday ahead of CEO Jensen Huang’s keynote address at the chip maker’s GTC developers’ event.
Nvidia stock was up 0.9% at $120.66 in premarket trading, having fallen 1.8% the previous day. Shares have fallen 14% over the past month as investors flee highly valued technology names amid uncertainty over tariffs.
However, Wall Street is optimistic that the GTC event will serve to concentrate investors’ minds on the company’s strong position in artificial-intelligence hardware.