Nvidia stock moved higher on Monday, beginning a week in which investor sentiment may be shaped heavily by an upcoming earnings report from artificial-intelligence chip rival Broadcom.
Nvidia rose 0.4% to $183.07, though the stock remains down 8.4% over the past month amid intensifying scrutiny of custom silicon being developed by major technology platforms.
The pressure has come largely from companies such as Google, whose Tensor Processing Units are designed in collaboration with Broadcom and have raised questions about potential long-term erosion of Nvidia’s dominant GPU share.
Shares of Advanced Micro Devices gained 1.1% in early Monday trading, while Broadcom added 2.3%.
Eyes on Broadcom earnings
Broadcom’s results, due Thursday, are drawing particular attention.
Although the company has historically positioned itself as an infrastructure and connectivity provider rather than a direct GPU competitor, its tone shifted during its September update.
At the time, CEO Hock Tan said custom chips would increasingly take market share from Nvidia’s GPUs over time, an assertion that heightened competitive concerns across the AI hardware landscape.
Investors will be closely watching whether Broadcom reinforces or tempers that message this week.
Any indication of accelerating custom-chip adoption among hyperscalers could influence sentiment toward Nvidia, which continues to face questions about the durability of its growth trajectory as tech giants invest more heavily in internal silicon.
Nvidia and SoftBank are in talks to back Skild AI
Separately, Nvidia is reportedly in discussions alongside SoftBank Group to participate in a funding round for Skild AI, a developer of foundation models for robotics.
According to sources and a term sheet reviewed by Reuters, the round could exceed $1 billion and value Skild at roughly $14 billion — nearly triple the $4.7 billion valuation it secured during a $500 million Series B earlier this year.
Skild was founded in 2023 by former Meta AI researchers and focuses on building general-purpose AI models for robots across various form factors.
The company does not produce hardware; instead, it aims to create universal software capable of perception and decision-making across environments ranging from warehouses to homes.
Investor interest in robotics has surged as AI progress accelerates, though analysts caution that scalable general-purpose robotics remains a technically complex challenge and may still be years away from widespread deployment.
Skild raised $300 million at a $1.5 billion valuation in its Series A round last year, with participation from Jeff Bezos, SoftBank, and Khosla Ventures.
Nvidia tops management top 250 ranking
In a separate development, Nvidia ranked No. 1 in the annual Management Top 250 list, as per a report from The Wall Street Journal citing research data from Claremont Graduate University’s Drucker Institute.
The ranking evaluates corporate performance across criteria such as innovation, financial strength, and customer satisfaction.
Nvidia’s rise to the top displaces Apple, now ranked No. 2. Microsoft held its third-place position, Alphabet moved back into fourth place after falling to eighth last year, and Amazon climbed to fifth from nineteenth.
Daniel Martin, chief data scientist for the Drucker Institute, said the shifts reflect the ability of the most successful technology companies to adapt quickly to changes in hiring practices and industry trends, even as other firms in the sector lost ground.
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