NVIDIA Corp. (NASDAQ:NVDA) stock gained less than half a percent during Friday’s premarket session as risk appetite firms into the open. Nasdaq futures are up 0.72% while S&P 500 futures have gained 0.39%.
The company is exploring a potential partnership with South Korean AI chip startup Rebellions as CEO Jensen Huang continues to broaden the company’s reach across the AI ecosystem through technology agreements and investments.
NVIDIA Discusses Rebellions Partnership
Huang met Rebellions co-founder and CEO Sunghyun Park at NVIDIA’s Santa Clara headquarters this week, Bloomberg reported on Friday citing people familiar with the matter.
The discussions covered possible cooperation that could include a technical partnership, an investment or potentially an acquisition. The talks remain preliminary and may not result in a transaction.
NVIDIA held $50.33 billion in cash and equivalents as of April 26, 2026.
Rebellions designs neural processing units for data centers, focusing on AI inference workloads. The six-year-old company has raised about $850 million from investors including SK Hynix Inc (NASDAQ:SKHY), Samsung Ventures and Arm Holdings Plc (NASDAQ:ARM) and was most recently valued at roughly $2.3 billion.
Huang Continues AI Investment Push
Huang has pursued a broad investment strategy as NVIDIA works to maintain its central position in artificial intelligence.
In late 2025, NVIDIA reached an unconventional agreement with AI chip company Groq. NVIDIA secured a nonexclusive technology license and brought over most of Groq’s engineering talent, while Groq continued operating independently and retained its cloud business.
A potential Rebellions transaction would extend that strategy into a startup developing chips designed to compete with NVIDIA in AI inference.
Earnings & Analyst Outlook
The countdown is on: NVIDIA is set to report earnings on August 26, 2026 (confirmed).
- EPS Estimate: $2.07 (Up from $1.04 YoY)
- Revenue Estimate: $91.91 Billion (Up from $46.74 Billion YoY)
- Valuation: P/E of 33.2x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $327.04. Recent analyst moves include:
- RBC Capital: Outperform (Maintains Forecast to $300.00) (August 20)
- Wells Fargo: Overweight (Maintains Forecast to $315.00) (August 11)
- Keybanc: Overweight (Raises Forecast to $330.00) (July 14)
Top ETF Exposure
- Franklin Focused Dynamic Growth ETF (NASDAQ:FFOG): 9.73% Weight
- First Trust Innovation Leaders ETF (NYSE:ILDR): 9.79% Weight
- Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (NYSE:USNZ): 9.73% Weight
Significance: Because NVDA carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
Price Action
NVDA Stock Price Activity: NVIDIA shares were up 0.21% at $217.30 during premarket trading on Friday, according to Benzinga Pro data.
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