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Why Nvidia (NVDA) Stock Is Rising Today

Nvidia stock was up over 3% by noon today to kick off the first trading day of 2025. With just two more trading days till Jensen Huang delivers his keynote address at the CES 2025 in Las Vegas, investor optimism is quite high. Tesla, the retail investors' second most favorite stock in 2024, announced a disappointing quarterly deliveries number earlier today which means Nvidia continues to get all the investors attention.

The optimism surrounding the chip maker is well-justified. Nvidia’s Blackwell GPUs are so hyped up that the company has already received enough orders to keep it busy...