Nvidia stock price is consolidating, with volumes slightly below average. Traders are watching the $1,200 psychological level as a pivot point for the next directional move, especially ahead of Q2 earnings announcements. CoreWeave lowers the friction for companies that can't afford or justify massive, upfront graphics processing unit (GPU) purchases. Wider access means more sustainable demand. It means more AI workloads inside the CUDA software ecosystem -- a key element of Nvidia's moat -- reinforcing developer lock-in. During a press interview announcing the Nvidia-Intel deal, Nvidia CEO Jensen Huang praised TSMC, saying, "I just can't overstate the magic that is TSMC." He noted there are no plans for Nvidia to stop working with the Taiwanese company anytime soon. Nvidia stock price rose after reports of increased GPU orders from major cloud providers. The semiconductor sector’s ETF also gained 1.8%, indicating that investor sentiment toward AI hardware leaders remains firm in the near term.
