By Elsa Ohlen

Nvidia stock edged higher early Tuesday as shares hovered around levels not seen in almost five months.

Nvidia stock rose 0.2% to $142.90 in premarket trading. Coming into Tuesday trading, shares have risen five out of the past six days and are trading at their highest level since late January, according to Dow Jones Market Data.

It comes as the S&P 500 index is hanging on to the symbolic level of 6,000. The benchmark index is up 2.1% so far this year while the tech-heavy Nasdaq Composite has risen 2.6% over the same period.

Investors will be closely watching for more catalysts when CEO Jensen Huang speaks at a conference in Paris this morning.

"Tech is leading again, as the AI theme marches on, seen in accelerating layoffs of programming jobs being replaced by AI," market strategist Louis Navellier said late Monday. "All the geopolitical risks that have been cited as major concerns are still on the table, but the market is increasingly comfortable that they won't put a dent in earnings."

Trade talks between the U.S. and China are taking place in London this week. Investors will be hoping that discussions will be productive and that leaders from the world's two largest economies will agree to minimize tariffs on each other's goods. Import taxes severely disrupt global trade, including for chip makers like Nvidia which rely on global supply chains.

Trade discussions weren't the only thing tech investors were keeping track of in London Monday. Huang delivered a keynote alongside Prime Minister Keir Starmer, pledging AI investment in the country, but none of what was said seemed to excite investors much. The stock closed just 0.6% higher Monday.

Futures tracking the S&P and Nasdaq 100 were both flat early Tuesday.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

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June 10, 2025 05:33 ET (09:33 GMT)

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