New York, February 6, 2026, 16:10 (EST) — After-hours
- Nvidia jumped roughly 8% in U.S. trading, recouping ground alongside other chipmakers.
- Amazon’s stepped-up AI capital spending plans gave semiconductors a boost.
- Nvidia faces its next big hurdle with results coming up Feb. 25.
Nvidia (NVDA.O) bounced back in late U.S. trading, climbing $14.20, or roughly 8.3%, to $186.08. Earlier in the week, the stock had stumbled as investors worried about lofty AI-related valuations. Shares ranged wildly, dipping as low as $172.62 before touching $186.93. Chip stocks caught a lift after Amazon flagged plans for heftier data-center spending. “There’s real demand for AI products,” said Baird’s Ross Mayfield, investment strategy analyst. 1
Wall Street is grappling with the hefty price tag of AI, even as investment plans balloon. The big tech cohort is eyeing roughly $600 billion in AI spending for 2026, a figure that’s stirring up nerves among investors. Some traders are already paring back exposure to the most heavily trafficked AI names. “It’s not that the trade is over, but it got too pricey,” SanJac Alpha’s chief investment officer Andrew Wells said. 2
With Nvidia, it comes down to a single question: how much are the largest cloud players willing to pour into chips and the data center infrastructure behind them? Capex—industry shorthand for long-term outlays on servers, networking equipment and facilities—remains front and center in that calculation.
Amazon is projecting capital expenditures of about $200 billion for 2026, a jump from $131 billion planned for 2025. Shares slipped after hours, with investors reacting to the scale of the spending. “The market just dislikes the substantial amount of money that keeps getting put into capex,” said Dave Wagner, a portfolio manager at Aptus Capital Advisors. 3
Alphabet plans to ramp up capital expenditures to between $175 billion and $185 billion in 2026, a sharp jump from the $91.45 billion targeted for 2025, all in the name of boosting computing power. “We are seeing our AI investments and infrastructure drive revenue and growth across the board,” CEO Sundar Pichai told analysts. 4
Supply-chain sentiment held firm. Wistron’s chairman, Simon Lin—his firm supplies Nvidia—dismissed talk of an AI bubble and pointed to order visibility stretching all the way to 2027. CEO Jeff Lin added that the company expects to kick off volume production at its new U.S. sites in the first half of 2026. 5
Nvidia isn’t out of the woods yet when it comes to policy risk, particularly tied to China. The Trump administration has signaled it would permit ByteDance to purchase Nvidia’s H200 chips, but people familiar say talks are snagged on license terms and Know-Your-Customer hurdles. “For American industry to make any sales, the conditions need to be commercially practical,” an Nvidia spokesperson said. 6
The spotlight now turns to Nvidia, whose quarterly results are up next. The company plans to release its fourth-quarter and full-year 2026 numbers on February 25. After the results drop, written remarks from the CFO are expected online before the earnings call. 7
