US stock index futures built on yesterday’s gains in early trade this morning. After last night’s close, Marvell Technology jumped more than 10% on upbeat data-centre demand projections. This has helped to underpin the tech sector, which was broadly firmer ahead of today's open. Nvidia continues to recover ground lost in November. Just over a week ago, it traded below $170 to hit its lowest level in over two months.
Yesterday, it pushed back over resistance around $180, as buyers rushed back in to ‘buy the dip’. This has been a highly effective ‘strategy’ over the past three years. Nvidia has had an effective monopoly on the design of high-end chips so vital in the development of Artificial General Intelligence (AGI). Yet it appears to have some competition now. Nvidia customer, Meta Platforms, is talking to Google about using its proprietary TPUs in Meta’s data centres.
Source: TN Trader
Meanwhile, there’s talk that Amazon’s Trainium3 chip can give Nvidia’s GPUs a run for their money. And China’s DeepSeek is back again, having released two new open-source AI models that can match Gemini 3 Pro and ChatGPT-5.
Earlier this year, DeepSeek released its first AI model, which, it claimed, was developed at a fraction of the cost of US versions. While the news took time to filter through, it contributed to a selloff in Nvidia, which saw the company lose 38% from February through to April.
