By Jack Denton
Nvidia stock was rising ahead of the open Friday, with the shares poised to open just above the closely-watched $200 level after tumbling 4.6% in the previous session.
Nvidia stock suffered on Thursday after recent earnings from Amazon and Alphabet suggested the chipmaker could see rising competition from the tech giants. A decline of more than 4% on Thursday saw the stock plunge below the $200 price level which has been a matter of close attention from investors.
The shares edged 0.3% higher to $200.20 in premarket trading.
Nvidia stock has only steadily held the $200 price level on two occasions: late October and early November 2025, and the period from mid-to-late April. Thursday's declines brought the shares below that key point once again and potentially raising fears of another long stretch before it was reclaimed, making price action on Friday important.
Nvidia's recovery is far from guaranteed, it could face pressure amid the fallout from earnings by two other red-hot chip names: Sandisk and Western Digital. Both companies reported after the close on Thursday and have seen their shares plunge 6.5% for Sandisk and 7.5% for Western Digital in a sign of caution on chip stocks, which have torn higher in recent weeks.
But Nvidia stock remains up more than 14% since the start of April and has still impressed investors with a near 79% gain in a year.
Write to Jack Denton at jack.denton@barrons.com
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(END) Dow Jones Newswires
May 01, 2026 05:24 ET (09:24 GMT)
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