Nvidia shares rise 1.01% premarket after backing AI firm Reka in $110 million funding round.

Nvidia Corporation rose 1.01% in premarket trading, with the company participating in a $110 million funding round for AI firm Reka, alongside Snowflake. This investment aligns with the growing interest in AI technologies and Nvidia's strategic involvement in the sector, contributing to the positive stock movement. Additionally, Innoviz Technologies Ltd. announced compatibility of its LiDAR solutions with Nvidia's Jetson Orin platform, further highlighting Nvidia's advancements in AI and edge computing.