Nvidia stock rose modestly early Friday as investors digested a raft of mixed news over the past few days. Shares were up 0.1% to $147.34 in premarket trading. It closed almost flat Thursday after starting the day in the red as a fresh outlook from supplier SK Hynix cast doubt over future demand for its products.

Nvidia remained above the 50-day moving average Friday. Late Tuesday, President Donald Trump announced a joint venture called Stargate involving OpenAI, Oracle, SoftBank and other companies that will invest up to $500 billion in four years to build data centers and other infrastructure for AI applications.

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.

Nvidia stock rose early Wednesday after President Donald Trump sent another signal to markets that artificial intelligence would be a priority under his new administration. The absence of Nvidia CEO Jensen Huang at the inauguration Monday stuck out as Big Tech CEOs thronged to the event.

Chipmaker Nvidia (NASDAQ:NVDA) is at the forefront of all things AI these days. Its chips are used to help power the AI revolution. Many quantum computing stocks exploded in value last year as investors hoped to get ahead of the crowd in what could be a transformational wave of new technology.