NVDA Stock Today, January 31: $2B CoreWeave Boost and New AI Chip
Nvidia share price attention is high today after the company put an extra $2 billion into CoreWeave at $87.20 per share and rolled out a new AI chip. We track NVDA catalysts that shape demand, supply, and pricing power. CoreWeave plans 5GW of capacity by 2030, which may extend Nvidia’s order visibility. For Australian investors, the mix of fresh product cycles, supply allocation, and currency moves could sway returns even if US headlines dominate.
CoreWeave deal: scale, pricing, and demand pull-through
Nvidia invested $2 billion in CoreWeave at $87.20 per share, tightening a key customer relationship and securing downstream compute growth. The deal supports plans to expand GPU cloud capacity to 5GW by 2030, reinforcing multi‑year demand. For context and deal colour, see reporting from the AFR source.
Closer alignment can translate to pre-committed orders, steadier utilization, and stronger pricing. It also concentrates supply with strategic buyers, which may boost margins but reduce spot availability. For the Nvidia share price, higher visibility and scale typically support valuation, while any supply constraints elsewhere could widen performance gaps across the ecosystem.
New AI chip and capacity roadmap
Nvidia introduced a new AI chip aimed at better performance per watt and lower total cost of ownership across training and inference. This extends the product cycle that data centers budget around. Paired with CoreWeave’s growth plans, it signals continued pull for GPU compute, a supportive input for the Nvidia share price as customers refresh fleets.
A 5GW roadmap implies sustained buildouts, energy sourcing, and long lead times for racks, networking, and cooling. That scale favors early buyers who can lock allocations. It also hints at ongoing capex from cloud and AI-native providers. If deliveries stay on track, it can underpin revenue consistency that investors often reward in premium multiples.
Bitcoin miners pivoting to AI: winners, losers, and supply
CoinDesk noted pressure on bitcoin miners like Cleanspark, Iris Energy (IREN), and TeraWulf after the CoreWeave news, reflecting tougher competition for GPUs and power source. Pivoting to AI hosting may face higher capital needs and tighter supply. This dynamic can matter for the Nvidia share price if allocation tilts toward larger, recurring buyers.
When supply concentrates in strategic partners, smaller buyers may face longer lead times or higher prices. That can slow miner pivots into AI infrastructure and shift demand patterns. For Nvidia, priority allocations can stabilize shipments and mix, which may support gross margin resilience and reduce quarter-to-quarter volatility in the demand pipeline.
Nvidia share price: levels, technicals, and catalysts
Recent quote shows USD 191.52, with a day range of 189.84 to 192.35 and a year high of 212.19. The 50-day average sits at 183.6798 and the 200-day at 166.94655. RSI is 49.59, ADX 12.43 indicates a weak trend, and the Bollinger middle band is 183.72. For the Nvidia share price, 212.19 is key resistance while 183.72 looks like near support.
NVDA trades near a 47.77 P/E, supported by strong margins and growth. Analyst consensus shows 66 Buys out of 68 ratings. Earnings land on 26 Feb AEDT, where guidance and supply updates matter. Our system grade is A with a BUY suggestion. Australian investors should also watch AUD moves, which can amplify or reduce USD returns.
Final Thoughts
The $2 billion CoreWeave investment at $87.20 per share and a new AI chip reinforce Nvidia’s multi‑year growth story. Larger, aligned buyers may secure priority supply, which can stabilize shipments and support margins. That backdrop, plus a 5GW capacity roadmap by 2030, is constructive for the Nvidia share price if execution stays tight. Near term, watch earnings on 26 Feb AEDT for guidance on shipments, mix, and capex trends. Technically, 183.72 looks like support and 212.19 as resistance. For Australian investors, consider position sizing, potential volatility around results, and AUD impacts on USD holdings. Stay disciplined with entries and use alerts around key levels.
FAQs
How does the CoreWeave investment affect the Nvidia share price?
It strengthens demand visibility and may improve pricing power by concentrating supply with a large recurring buyer. That can support margins and reduce shipment volatility. Markets often reward clearer order books, though any supply tightness elsewhere can add ecosystem risk. Watch management commentary on allocation and lead times.
What could the new AI chip mean for margins and growth?
A more efficient chip can lift performance per watt and lower customer costs, supporting upgrade cycles. If adoption is strong, mix can skew to higher-value parts and software stacks, aiding gross margin. Shipment cadence and supply availability will determine how quickly benefits pull through to revenue and earnings.
What should Australian investors watch this week?
Focus on earnings timing (26 Feb AEDT), key technical levels near 183.72 support and 212.19 resistance, and any updates on supply allocation. Also track AUD movements versus USD, as currency can change total returns. For sector read-through, note data center capex signals and miner pivot headlines.
Are bitcoin miners helped or hurt by this shift?
Many miners face tougher competition for GPUs and power as large AI clouds scale. CoinDesk flagged pressure on Cleanspark, Iris Energy, and TeraWulf after the CoreWeave news. Some miners may pivot to AI hosting, but higher capex and tighter allocations could slow progress and compress returns.
Is NVDA expensive at a P/E near 47.77?
It is a premium multiple, but supported by high growth, strong margins, and dominant market share. Upside depends on sustained demand, supply execution, and software monetization. Risks include competition, allocation constraints, and macro. Use position sizing and watch guidance for confirmation before adjusting exposure.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
