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

Nvidia (NVDA)

Chipmaker Nvidia Sees Share Price Rise Amid AI Partnership and CES Keynote

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

Cerence Shares Soar

Cerence shares soared more than 140% in Friday’s session after making the announcement. The partnership is expected to bring cutting-edge AI technology to the automotive industry, and investors are likely excited about the potential for growth.

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Nvidia CEO Jensen Huang’s Keynote at CES

Investors are also gearing up for Nvidia CEO Jensen Huang’s keynote speech at the 2025 Consumer Electronics Show in Las Vegas on Monday evening. The company has released a statement ahead of the event, stating that the show "has long been the stage for the unveiling of technological advancements, and Huang’s keynote is no exception."

Reports Suggest GeForce RTX 5000-Series Graphics Cards Unveiling

Reports suggest that Nvidia is expected to unveil its GeForce RTX 5000-series graphics cards at the show. This would be a significant announcement for gamers and tech enthusiasts alike, as it would bring new levels of performance and innovation to the industry.

Foxconn (2317.TW)

Shares Rise After Beating Estimates in Q4

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. The company, which is the world’s largest contract electronics maker, posted its highest-ever revenue for the fourth quarter in a statement released on Sunday.

Revenue Rises 15% Year-on-Year

Foxconn reported revenue of 2.13tn new Taiwan dollars (£52bn), which was slightly ahead of an LSEG SmartEstimate analyst forecast of 2.1tn new Taiwan dollars. The company’s components and other products parts of the business showed "strong growth," while cloud and networking products delivered significant growth.

Rivian Automotive (RIVN)

Shares Soar After Better-Than-Expected Vehicle Sales

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 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.

Analysts Expected Delivery Figures

Wall Street analysts had expected the company to deliver closer to 13,400 EVs for the period and 51,000 for the year. The figures come following a tough 2024 for Rivian, with the stock still down 22% on a one-year basis.

RBC Capital Markets Analyst Weighs In

RBC Capital Markets analyst Tom Narayan said that the fourth quarter delivery figures "affirms that supply issues were isolated to Q3." This suggests that Rivian has made significant progress in addressing its supply chain issues and is now well-positioned for growth.

Rolls-Royce (RR.L)

Shares Fall After Rating Downgrade

On the UK market, shares in engineering firm Rolls-Royce fell 3% on Monday morning after analysts at Citigroup downgraded the stock. The FTSE 100 darling was lowered from a "buy" to a "neutral" rating by Citigroup.

Investment Director Weighs In

Russ Mould, investment director at AJ Bell (AJB.L), said: "Even though Citigroup raised its price target for the stock, investors appear to have taken the rating downgrade as a signal to lock in some profit." This suggests that investors are taking a cautious approach and locking in gains rather than risking further losses.

Unilever (ULVR.L)

Shares Fall After Rating Downgrade

Unilever shares also fell after being downgraded by Citigroup. The company’s share price weakness is often a signal that investors are worried about consumer spending and growing inflationary pressures.

Investment Director Weighs In

Russ Mould, investment director at AJ Bell (AJB.L), said: "Share price weakness in big brand companies including Unilever, Reckitt (RKT.L) and Haleon (HLN.L) is often a signal that investors are worried about consumer spending and growing inflationary pressures." This could lead to renewed cost pressures, prompting companies to hike prices, which may see shoppers switch to cheaper supermarket own-brand items.