Nvidia stock was rising on Friday after a key supplier’s latest earnings report appeared to bode well for the artificial-intelligence trade amid a wider market rally. The chip maker’s shares climbed 1.

GTC 2025 conference is less than a week away, and investors are anticipating a catalyst for its struggling stock could be coming. That optimism helped shares jump as much as 7.4% today. Even so, Nvidia shares have lost more than 15% so far this year,

Yes, it has been a tough year for the AI trade. Chip stocks, software stocks, and even power stocks and shares of industrials that build out data centers have tumbled. Much of the decline is captured in the Nasdaq Composite,