New York, Feb 8, 2026, 05:40 (EST) — The session has ended.
- NVDA surged almost 8% to close at $185.41 on Friday, bouncing hard with the chip stocks.
- Nvidia stayed in the thick of the AI trade, with new Big Tech spending commitments propping it up.
- U.S. jobs figures and inflation updates are coming up this week, with Nvidia’s results due Feb 25.
NVIDIA Corporation finished Friday’s session up 7.87% at $185.41 as chipmakers broadly bounced back, before U.S. markets went quiet for the weekend. Shares gave back a fraction after hours, dipping to $185.19, down 0.12%. 1
Nvidia’s surge matters—it’s basically the market’s readout on whether the largest cloud players are still pouring money into AI infrastructure. If those spending plans show any cracks, NVDA usually flinches right alongside them.
Amazon is looking to lift capital spending by more than 50% this year—a move that had traders betting on more AI data centers and, by extension, more Nvidia chips. Capex refers to hefty investments in things like servers and real estate. Nvidia shares shot up 7.8%, Advanced Micro Devices climbed 8.3%, and Broadcom added 7.1%, helping push the Philadelphia semiconductor index up 5.7%. “There’s real demand for AI products,” Baird investment strategy analyst Ross Mayfield told Reuters, highlighting what he called “a floor” where buyers come back in. 2
Still, that capex surge is fueling warnings on the downside: costs are jumping, but payback takes time. “The AI build-out trade … got too pricey,” said Andrew Wells, chief investment officer at SanJac Alpha, who pointed to what he called a “de-risking” move. Nvidia CEO Jensen Huang, for his part, told CNBC that demand remains “sky-high,” and backed the rise in spending as both necessary and sustainable, according to Reuters. 3
NVDA faces a straightforward question: will Friday’s bounce stick when markets open Monday, or will it just unravel into another rapid reversal?
Investors are watching for two key U.S. data releases this week: the Labor Department has the January jobs report slated for Feb 11, with the January CPI following on Feb 13. Both figures have the potential to sway expectations around Fed moves and treasury yields—factors that frequently hit growth names such as Nvidia. 4
Traders are eyeing Big Tech budgets closely for any signs of momentum—good or bad. Shifts in AI infrastructure spending get snapped up by the market, which hasn’t hesitated to hand out sharp moves in either direction.
If there’s even a whiff that capex momentum is fading, expect a sharp reaction. Nvidia’s GPUs are crucial for AI training and for keeping those models running day in, day out.
But as Friday’s move proved, just a bit of solid pricing and a reliable stream of orders can lure cash right back to the group. It doesn’t require much.
Nvidia has set Feb 25 for its fourth-quarter fiscal 2026 earnings release, with the webcast kicking off at 2:00 p.m. PT, the company said. Investors mark that date for fresh signals on demand, supply, and the company’s outlook. 5
