Nvidia gains after launching new suite of open models

Nvidia extended gains in early trading after announcing an updated edition of its open models, the Nemotron 3.

This family of models comes in three “sizes”: Nano (available today), Super, and Ultra (both expected to be launched in the first half of next year). These sizes reflect the different parameters of each model, which govern the complexity of a given request it can handle.

The company highlighted the flexibility benefits of these models, saying they can be integrated with proprietary counterparts to produce cost savings.

“As multi-agent AI systems expand, developers are increasingly relying on proprietary models for state-of-the-art reasoning while using more efficient and customizable open models to drive down costs,” per the press release. “Routing tasks between frontier-level models and Nemotron in a single workflow gives agents the most intelligence while optimizing tokenomics.”

This strong start to the week helps reverse a substantial run of underperformance from Nvidia versus its peers. It’s the only member of the VanEck Semiconductor ETF that’s declined since the S&P 500 closed at an intermediate bottom on November 20.

Last week, the chip designer closed at its lowest level compared to this fund of 2025, falling below the trough seen in the wake of the DeepSeek freak-out, where nearly $600 billion in market cap was obliterated in a single session.