Nvidia Stock Is Surging Today — Is the AI Leader’s Stock a Smart Buy for 2025?
Nvidia (NASDAQ: NVDA) stock is seeing strong gains in Monday’s trading. The company’s share price was up 4.7% as of 12:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 1.1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 1.6%.
Nvidia stock is climbing today following a fourth-quarter report from Foxconn (otherwise known as Hon Hai Precision Industry) that suggests demand continues to be very strong in the artificial intelligence (AI) hardware space. The graphics processing unit (GPU) leader’s share price is also gaining ground thanks to excitement surrounding CEO Jensen Huang’s keynote speech at the CES conference tonight.
Foxconn published its fourth-quarter results before the market opened this morning, reporting record revenue. The tech manufacturing company said that strong demand for AI server hardware helped power impressive growth for its cloud-and-networking products segment. Nvidia is one of Foxconn’s largest and most visible customers, and it’s also the leading provider of GPUs used for AI servers, so it’s reasonable to see the manufacturer’s record sales results as a bullish indicator for the artificial intelligence leader.
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