Why did Nvidia share price fall today?

It dropped after reports questioned the OpenAI tie-up, prompting a risk-off reaction. Later, the CEO said the deal is on track, which helped calm sentiment. The move also reflects rich valuation, a pre-earnings positioning shakeout, and broad tech volatility. Liquidity was above average.

What did Jensen Huang say about OpenAI?

In a CNBC interview, he said there is no drama, the agreement remains on track, and Nvidia plans to invest in the next OpenAI funding round. That message addressed concerns about circular AI deals and gave investors better confidence in near-term AI demand trends.

Is Nvidia a buy right now for Australians?

It depends on risk tolerance. The stock has strong profitability and positive Street ratings, but the valuation is high and earnings are soon. Consider staged entries, position sizing for volatility, and clear stop levels. Watch the February 25 earnings and any updates on customer capex plans.

What levels are important for Nvidia share price near term?

Initial support sits around US$176, with a deeper zone near US$172. First resistance is around US$186, then near US$195. Daily volatility is high with an ATR near 5.30, so traders often adjust position sizes and use alerts around those areas.

Global Market Insights

NVDA Stock Today, February 04: Huang Says OpenAI Deal ‘On Track’

ByHuzaifa Zahoor February 4, 2026February 4, 2026

Nvidia share price is in focus after headlines questioned its OpenAI tie-up. Shares of NVDA fell 2.84% to US$180.34, with a US$176.23 to US$186.27 range today. In a Jensen Huang interview, the CEO said the agreement is on track and Nvidia will invest in the next OpenAI funding round. For Australians, this NVDA stock news matters because it shapes near-term AI demand, data centre spending, and tech sentiment across global markets.