NEW YORK, January 26, 2026, 4:54 PM EST — After-hours
- After the bell, Nvidia shares dipped roughly 0.7%, with intraday trading ranging from $185.69 to $189.06.
- Nvidia announced a $2 billion investment in CoreWeave to strengthen their data-center collaboration; CoreWeave shares surged in premarket trading.
- Traders are eyeing chip-supply cues alongside Big Tech earnings, including Nvidia’s report due Feb. 25.
Nvidia (NVDA.O) shares slipped 0.7% to $186.47 in Monday’s after-hours, after a session range of $185.69 to $189.06. The AI-chip maker announced a $2 billion investment in CoreWeave (CRWV.O) at $87.20 per share, nearly doubling its stake in the company. CoreWeave shares jumped 9% in premarket trading. A spokesperson from CoreWeave clarified the funds won’t be used to purchase Nvidia processors. (Reuters)
The deal is significant as Nvidia’s surge no longer hinges on a single product cycle but on the pace at which the industry can scale up power-hungry AI data centers. CoreWeave belongs to a new wave of “neocloud” companies — specialized cloud providers offering AI computing power for rent — raising renewed concerns about circular arrangements within the AI supply chain. (Axios)
Risk assets are on edge this week as the debate unfolds. The S&P 500 and Nasdaq ended Monday on a positive note, with investors bracing for a Federal Reserve policy announcement and a flood of mega-cap earnings reports. (Reuters)
Nvidia announced an expanded partnership aimed at fast-tracking the development of over 5 gigawatts of “AI factories” by 2030 — specialized data centers built specifically for AI workloads. CEO Jensen Huang called it “the largest infrastructure buildout in human history” as AI moves into its next phase. CoreWeave CEO Michael Intrator added, “This expanded collaboration underscores the strength of demand we are seeing across our customer base.” (NVIDIA Newsroom)
The Financial Times revealed that Nvidia has committed to purchasing up to $6.3 billion in cloud services from CoreWeave through 2032, securing extra capacity as CoreWeave pushes to grow. The report also noted CoreWeave will offer standalone access to Nvidia’s Vera CPUs, positioning Nvidia as a more direct competitor to Intel and AMD in the server processor market. (Financial Times)
Supply-chain watchers got another data point overnight. Samsung Electronics plans to start production of next-generation HBM4 high-bandwidth memory chips next month and supply them to Nvidia, a person familiar with the matter told Reuters, as Samsung tries to catch up with SK Hynix in advanced AI memory. Both Samsung and SK Hynix are due to report quarterly results on Thursday, when investors expect more detail on HBM4 orders. (Reuters)
Nvidia doubled down on software Monday, unveiling three open-source “Earth-2” AI models designed to speed up weather forecasting and slash the cost of traditional simulations. “Once trained, AI is 1,000 times faster,” said Mike Pritchard, Nvidia’s director of climate simulation research. He highlighted the models’ capacity to run massive “ensemble” forecasts — testing numerous storm scenarios — to better detect rare, destructive events. (Reuters)
Microsoft revealed its Maia 200 AI chip on Monday, alongside a new software suite centered on Triton, an open-source alternative to Nvidia’s CUDA — the programming layer that many analysts credit for Nvidia’s developer advantage. The Maia chip will start running this week in a Microsoft data center in Iowa, with plans to deploy a second unit in Arizona, the company said. (Reuters)
Microsoft, Google, and Amazon, some of the biggest cloud players, rank as Nvidia’s top customers. Yet their move toward building in-house chips adds tension to Nvidia’s narrative, even as the company invests heavily in its own ecosystem. For Nvidia’s stock, the key issues are whether infrastructure spending remains widespread and if Nvidia can maintain its software edge to preserve pricing power.
The trade isn’t one-sided. Delays in power hookups and permits can stall data-center projects, while tighter financing tends to squeeze smaller cloud players first. If that unfolds, chip orders could reverse sharply, sending the lofty valuations of AI leaders tumbling just as fast.
Investors are set to focus on Nvidia’s fiscal fourth-quarter results on Feb. 25, looking for updates on data-center demand and progress with its Rubin-generation platform. (Nvidia)
