What’s Driving Nvidia’s Stock Right Now?

Benzinga

NVIDIA's stock is fluctuating around $140 per share this week, with analysts closely monitoring the 50-day moving average for potential trends. Beyond stock charts, NVIDIA is gaining attention at CES 2025, where CEO Jensen Wang will discuss advancements in AI and robotics. Additionally, there are rumors of a potential partnership with Uber on self-driving cars, though this remains unconfirmed. These developments could significantly impact NVIDIA's market position. Stay updated with Benzinga for further details.

Transcript

00:00NVIDIA stock is the talk of the week. If you're watching them, here's what you need to know.

00:04I'm Abbey Higginbotham with Benzinga. Let's break it down.

00:07NVIDIA has been moving around $140 a share this week,

00:11and analysts are watching the 50-day moving average closely. If it stays above it,

00:15the stock could hold steady, but a drop below might mean sellers are stepping in.

00:20Definitely something traders are keeping an eye out on. However,

00:23the charts aren't the only thing driving the stock this week.

00:26NVIDIA's making headlines at CES 2025, where CEO Jensen Wang is expected to highlight the

00:33company's latest work in AI and robotics. With tech already in focus, how these announcements

00:39land really could influence market reaction. And there's another storyline picking up steam.

00:44Rumors are swirling that NVIDIA could be teaming up with Uber on self-driving cars.

00:49If it happens, this could be a big move for the company's position in autonomous vehicle space.

00:55No confirmation yet, but definitely something to watch.

00:58As I said, NVIDIA is one to watch this week.

01:01Stay tuned with Benzinga for the latest market moves, and we'll keep you in the loop.

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