NVDA Stock Today: OpenAI Deal Jitters Hit Shares – February 05

The nvidia share price fell as NVDA slid 3.4% to US$174.19 after reports its US$100B OpenAI infrastructure deal is on hold. Both sides say they remain partners, but uncertainty hit sentiment. For Australian investors, this matters because it clouds AI chip demand visibility and near‑term growth assumptions. We break down today’s move, the OpenAI Nvidia deal signals, and the setup into earnings. We also flag key technical levels and simple steps Aussies can use to manage USD exposure and volatility.

Price action and technical levels

NVDA opened at US$179.46, traded between US$171.91 and US$179.58, and closed near US$174.19, down 3.4%. Volume of 202.2M topped the 181.7M average, showing active selling. The nvidia share price sits below its 50‑day average at US$183.78, above the 200‑day at US$168.50. The 52‑week range is US$86.62 to US$212.19, reminding us how fast momentum can shift.

RSI at 49.6 is neutral, while ADX at 12.4 signals no firm trend. MACD histogram is mildly positive at 0.21, suggesting fading but not broken momentum. Bollinger lower band at US$172.04 is first support, then the 200‑day at US$168.50. ATR at 5.30 points to wider swings. NVDA stock today likely chops between US$172 and US$184 until a catalyst hits.

OpenAI headlines and demand visibility

Reports suggest the proposed US$100B infrastructure pact is on ice, but both firms say the relationship stands. Jensen Huang also said Nvidia will join OpenAI’s current, much smaller round and wants a role in its IPO source. The message is continuity, just without the mega‑contract that markets had started to price in.

Without a mega order, near‑term visibility softens and customer concentration risk rises. Still, each side benefits from the other’s scale, so demand for high‑end GPUs should persist source. For traders, this headline risk helps explain the nvidia share price drop. For investors, it tempers AI chip demand assumptions while leaving the long‑run thesis intact.

Fundamentals, valuation, and what AU investors should watch

Nvidia posts elite metrics: gross margin ~70%, operating margin ~59%, and net margin ~53%. ROE is ~104% with low leverage, and liquidity is strong with a 4.47 current ratio. Still, shares trade near 43x EPS and yield ~0.02%. Street sentiment is supportive, with 65 Buys versus 1 Hold and 1 Sell. The nvidia share price now reflects slower near‑term growth expectations.

Next earnings are due 25 Feb 2026 (UTC). Watch data‑center backlog, next‑gen accelerators, and supply commentary. Technically, the 50‑day near US$184 is resistance, while US$172 and US$168.50 are supports. For Aussies, returns hinge on USD moves. Consider order sizing, FX costs, and staggered entries. NVDA stock today is a story of volatility management as much as valuation.

Final Thoughts

Deal jitters knocked the nvidia share price, but the core AI story remains supported by strong margins, cash generation, and broad demand. Short term, we see a range defined by US$172 to US$184 as investors wait for clarity on OpenAI commitments and the late‑February earnings print. For Australian investors, focus on two things: key levels and currency. Entries near support should be sized with wider stops given the ATR. Manage USD exposure and keep cash ready for post‑results volatility. If fundamentals hold and management reaffirms demand, the uptrend can resume. If guidance softens, the 200‑day near US$168.50 becomes critical. Plan trades, do not chase, and use facts over headlines.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.