New York, Feb 7, 2026, 06:20 EST — The market is shut.
- Friday saw Nvidia shares log their strongest performance in weeks, with chip stocks broadly climbing.
- Fresh spending plans from Big Tech on AI data centers got traders’ attention.
- Coming up this month: U.S. inflation numbers and Nvidia’s quarterly earnings are on the docket.
Nvidia surged 7.9% Friday, closing out at $185.41. The stock whipped between $172.62 at its session low and came close to touching $187 before settling.
Investors rotated back into chip stocks, betting that fresh capital spending—think data centers, servers, networking hardware—will keep Nvidia’s AI business humming. Shares of Nvidia jumped 7.8%, powering a 5.7% gain for the PHLX semiconductor index as the Dow pushed past 50,000, Reuters reported. “There’s enough evidence that there’s real demand for AI products,” said Baird investment strategy analyst Ross Mayfield. 1
Amazon, a major Nvidia client via its cloud division, is looking at capital spending of roughly $200 billion in 2026—well above the $131 billion planned for 2025, Reuters reported. “The market just dislikes the substantial amount of money that keeps getting put into capex,” Aptus Capital Advisors portfolio manager Dave Wagner said. 2
Alphabet’s capital spending is poised for a big leap in 2026, with estimates running as high as $185 billion—up sharply from $91.45 billion the previous year—as the company ramps up its computing muscle. “We are seeing our AI investments and infrastructure drive revenue and growth across the board,” CEO Sundar Pichai told analysts, according to Reuters. 3
Nvidia chief Jensen Huang dialed up the optimism Friday, telling CNBC that demand is “going through the roof” as cloud players ramp up their AI buildouts, according to Investopedia. 4
But that wave of spending, while a boon for chipmakers, is setting off nerves in other corners of tech. Reuters reports big tech’s projected $600 billion push into AI for 2026 is stirring doubts about bottom lines. “The AI build-out trade got too pricey,” Andrew Wells, SanJac Alpha’s chief investment officer, told the outlet. 5
That tension isn’t going anywhere when U.S. markets open Monday. A spike in bond yields—should inflation data run hot—tends to prompt investors to cut back on high-growth names, and semiconductors have been front and center on the screens lately.
All eyes now turn to the January U.S. consumer price inflation data, slated for release on Feb. 13, per the Bureau of Labor Statistics schedule. 6
Nvidia is drawing attention ahead of its earnings. The chipmaker will release fourth-quarter and full-year fiscal 2026 numbers on Feb. 25, with written CFO commentary promised before the call. 7
Once the company reports, investors will be looking closely for evidence that cloud spending is actually turning into real orders now—especially as the AI arms race moves past just a few big customers. As for the next clear event, mark Feb. 25 for the scheduled update.
