NVIDIA Corp. shares showed early signs of stabilization on January 21 after a volatile prior session, as investors weighed a broader technology-sector pullback against the company’s latest strategic push deeper into artificial intelligence infrastructure.
Nvidia stock closed at $178.07 on January 20, down 4.38%, amid a risk-off move that pressured mega-cap technology names. In early trading the following morning, shares rebounded modestly, trading near $179–$180, reflecting cautious dip-buying after the sell-off.
Chart Signals Short-Term Rebound Attempt
The intraday chart shows Nvidia recovering from early-session weakness and reclaiming the $180 area, a key psychological level for short-term traders. Volume during the rebound remained elevated, suggesting active participation rather than a low-liquidity bounce.
Despite the recovery attempt, the stock remains below recent highs and within a wider consolidation range, highlighting continued sensitivity to macro sentiment and sector-wide positioning.
$150 Million Bet on AI Inference
Underlying sentiment was supported by Nvidia’s newly disclosed $150 million investment in Baseten, an AI inference startup, as part of a $300 million Series C round that valued the company at $5 billion, roughly double its prior valuation.
Baseten provides infrastructure that allows enterprises to deploy and run large AI models efficiently, serving clients such as Notion and Cursor. The deal underscores Nvidia’s strategic emphasis on AI inference, a segment analysts expect to account for 60%–80% of AI workloads by 2031, compared with today’s training-heavy focus.
The investment also follows Nvidia’s broader push to dominate the post-training AI cycle, including its recently reported $20 billion inference licensing agreement with Groq.
Analyst Confidence Holds Firm
Despite the recent pullback, JPMorgan reaffirmed its “Buy” rating, contributing to the early-session recovery. Wall Street consensus remains constructive, with analysts projecting fiscal 2026 revenue of roughly $170 billion, representing about 30% year-over-year growth, driven largely by sustained demand for Nvidia’s Blackwell chip platform.
Additional upside optionality comes from reports suggesting potential resumption of advanced H200 chip sales to China, with indications that Chinese firms may have already placed orders totaling more than 2 million units for the 2026 cycle.
Outlook: Volatility, But Structure Intact
While Nvidia’s shares have started 2026 with elevated volatility, the combination of strong balance-sheet fundamentals, expanding AI inference exposure, and resilient analyst support continues to anchor the longer-term thesis.
In the near term, traders are watching whether the stock can hold above $178–$180 and rebuild momentum after the broader tech reset. Longer term, Nvidia’s positioning across both training and inference markets keeps it central to the next phase of AI infrastructure growth.
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