Why Is NVDA Rising In Premarket Today?

• Mistral is planning to buy 13,800 Nvidia chips, Reuters reported.
• Recently, Nvidia signed a multiyear deal to supply AI chips for Meta’s data centers, potentially worth billions of dollars.
• Stocktwits sentiment for NDA drops to bearish as the stock heads for its second monthly decline.

Nvidia Corp.’s shares edged up 0.6% in early premarket trading on Monday, though retail sentiment remained subdued amid the recent weakness in the AI chipmaker’s stock.

In early hours, Reuters reported that prominent French AI startup Mistral is preparing a massive order for Nvidia accelerators for a major data center near Paris.

Mistral, seen as the European challenger to OpenAI, told the agency that it had raised $830 million in debt from various banks, mainly to buy 13,800 Nvidia chips. The ​data center in Bruyeres-le-Chatel is expected to become operational in ​the second quarter of 2026.

Nvidia’s Order Surge

Last month, Nvidia signed a multiyear deal with Meta to supply millions of AI chips, including next-gen Blackwell and Rubin systems, potentially worth tens of billions of dollars.

The deal also involves Meta using Nvidia’s Grace CPUs for the first-ever large-scale deployment in its data center production applications, as the industry pivots towards using more CPUs alongside GPUs in AI data centers.

More recently, AI infrastructure firm Nebius secured up to $27 billion in data center contracts with Meta and about $17 billion with Microsoft – developments expected to indirectly fuel massive demand for Nvidia’s chips.

NVDA Retail View Dull Amid Stock Weakness

Despite strong signals and blowout results, Nvidia stock continues to slide. It dropped 3% last week and is heading for its second month in the red. The paradox has left investors flummoxed, with more people trading based on macro news – mainly developments in the U.S.-Iran relationship – rather than on company fundamentals.

“$NVDA this stock is wild,” remarked a user. “Every single article of news makes it go down.  China, Burry, Iran, Great earnings for the 100th time, Tiger flipping his car.  What happened to the indestructible beast we all once loved?”

Still, others argued that the downside was limited from this point. On Stocktwits, the retail sentiment dropped over the past week and was ‘bearish’ on Monday.

Year-to-date, Nvidia shares are down 10.2%.

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