Trending Stocks Include Nvidia, Foxconn, Rivian, Rolls-Royce, and Unilever

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Nvidia (NVDA)

Chipmaker Nvidia closed Friday’s session nearly 5% higher and was up 2% in pre-market trading on Monday morning. The shares rose on Friday after it was announced that the chipmaker was partnering with Cerence (CRNC) — an artificial intelligence developer that works with a multitude of major carmakers.

AI Partnerships Boost Nvidia

Cerence shares soared more than 140% in Friday’s session after it made the announcement. Investors are also gearing up for Nvidia CEO Jensen Huang’s keynote speech at the 2025 Consumer Electronics Show (CES) in Las Vegas on Monday evening.

Nvidia Unveils Keynote Speech Ahead of CES

Nvidia said in a release ahead of the event that the show ‘has long been the stage for the unveiling of technological advancements, and Huang’s keynote is no exception.’ Reports suggest that Nvidia is expected to unveil its GeForce RTX 5000-series graphics cards at the show.

Foxconn Beats Estimates in Q4

Foxconn (2317.TW)

Shares in Taiwan’s Hon Hai Precision Industry, known as Foxconn, rose nearly 2% in Monday’s session in Asia after beating estimates in the fourth quarter. Foxconn, which is the world’s largest contract electronics maker, posted its highest-ever revenue for the fourth quarter in a statement released on Sunday.

Foxconn Revenue Surpasses Estimates

The assembler of Apple’s (AAPL) iPhone, as well as Nvidia products said revenue had risen 15% year-on-year to 2.13tn new Taiwan dollars (£52bn). Reuters reported that this figure was slightly ahead of an LSEG SmartEstimate analyst forecast of 2.1tn new Taiwan dollars.

Rivian Automotive Surpasses Expectations

Rivian Automotive (RIVN)

Electric vehicle (EV) maker Rivian shares soared nearly 25% on Friday after the company reported better-than-expected vehicle sales for its fourth quarter. Rivian said on Friday that it delivered nearly 14,200 EVs during the fourth quarter, bringing its yearly sales volume to roughly 51,580 electric trucks — within the company’s prior guidance.

Rolls-Royce and Unilever Fall Amid Rating Downgrades

Rolls-Royce (RR.L)

On the UK market, shares in engineering firm Rolls-Royce fell 3% on Monday morning, after analysts at Citigroup (C) downgraded the stock. The FTSE 100 darling, which was one of the top performing stocks on the UK’s blue-chip index in 2024, was lowered from a ‘buy’ to a ‘neutral’ rating by Citigroup.

Unilever Falls Amid Rating Downgrade

Consumer goods giant Unilever also fell after a rating downgrade from analysts, with the stock dipping more than 2% on Monday morning. Bank RBC downgraded Unilever, the company behind brands such as Dove and Marmite, to an ‘underperform’ rating.

Other Companies in Focus

ASML (ASML, ASML.AS): Dutch semiconductor equipment maker ASML Holdings NV saw its shares rise on Monday after a strong quarterly update.
FedEx Corporation (FDX): FedEx shares fell nearly 2% on Monday as investors weighed the impact of inflation and rising transportation costs on the company’s earnings.
Super Micro Computer (SMCI): Supermicro, a provider of servers and other data center equipment, saw its shares drop more than 5% after the company reported lower-than-expected quarterly revenue.
Oklo (OKLO): Oklo Energy Inc., a nuclear energy company, rose nearly 4% on Monday as investors cheered the company’s plans to deploy its first commercial reactor.

What’s Next for Nvidia and Other Tech Stocks?

With CES just around the corner, investors are eagerly awaiting Nvidia’s keynote speech and potential unveilings. Meanwhile, Foxconn’s revenue growth and Rivian Automotive’s strong sales numbers have set a positive tone for the tech sector.

Conclusion

As we head into 2025, it’s clear that AI partnerships, technological advancements, and consumer spending patterns will play a significant role in shaping the stock market. Investors would do well to keep a close eye on these trends and adjust their portfolios accordingly.