Nvidia Stock Finds Support from Friday Dip-Buyers

Nvidia (

NVDA

) shares finished Friday higher, suggesting the stock found some support from dip-buyers after yesterday’s sell-off.

Nvidia stock ended the day up nearly 4% in recent trading after
tumbling 8.5%
yesterday. Nvidia on Wednesday reported
better-than-expected quarterly results
, but Wall Street demonstrated on Thursday that’s no longer enough from its favorite AI stock. Nvidia beat revenue estimates by the smallest amount in two years, underwhelming investors who have grown accustomed to gargantuan beats from the AI chip leader.

The results failed to revive the AI rally. High-flying, richly-priced stocks like Palantir (

PLTR

), Applovin (

APP

), and Vistra (

VST

), which all soared last year on enthusiasm about their AI-fueled growth, had dropped in the recent sessions as investors have grown cautious amid a slew of economic and political concerns.

Even Friday morning, after
a promising print
of the Federal Reserve’s preferred inflation measure, all three stocks slumped at the open. (They all finished the day higher, however.)

AI stocks have also been weighed down this month by lingering concerns about the impact of Chinese start-up
DeepSeek’s R1 reasoning model
, which its developers say operates at a far lower cost than comparable U.S. models. R1’s success and efficiency raised concerns among investors that U.S. hyperscalers and other AI developers
could scale back
their spending on Nvidia’s most advanced technology.

Major tech companies have since
reiterated their commitment
to spending hundreds of billions on AI infrastructure in the coming years, but that hasn’t pulled Nvidia and other chip stocks out of their funk.

This article was updated to reflect closing share-price information.

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