New York, Jan 27, 2026, 4:02 PM ET — After-hours
- Nvidia shares climbed 1.4% in late trading, pushing the price to roughly $189.
- With a new $2 billion stake in CoreWeave, the chipmaker has thrown AI infrastructure demand into the spotlight once again.
- Traders have their sights set on the Fed Wednesday, while also watching Big Tech earnings, including Nvidia’s report due Feb. 25.
Nvidia (NVDA.O) shares climbed 1.4% to $189.15 after Tuesday’s close, having fluctuated between $185.75 and $189.99 during the session, LSEG data show.
The move is significant because Nvidia occupies a key spot in the AI market trade: when investors believe data centers are still investing, the stock usually gains traction. This week puts that confidence to the test, with megacap earnings and a Federal Reserve decision looming. Traders are watching closely for signs that corporate AI spending might be cooling off.
U.S. stocks closed higher, with the S&P 500 reaching a new record and the Nasdaq climbing about 1%, driven by tech gains that balanced out steep losses in health insurers. Phil Blancato, chief market strategist at Osaic Wealth, noted, “The market seems to be hanging in there waiting for a big week of earnings.” (Source: https://www.reuters.com/business/sp-nasdaq…)
Nvidia announced Monday a $2 billion investment in cloud infrastructure company CoreWeave, buying shares at $87.20 each. This adds about 23 million shares, nearly doubling its stake, according to Reuters calculations based on LSEG data. The two firms said the funding will accelerate CoreWeave’s land and power acquisitions as it aims to build over 5 gigawatts of AI data center capacity by 2030. (Source: https://www.reuters.com/technology/nvidia-…)
The debate is intensifying over whether the AI spending surge will translate into lasting revenue or just bigger costs. Big Tech giants like Microsoft, Meta, Amazon, and Alphabet plan to ramp up AI investment by 30%, pushing it past $500 billion in 2026, Reuters reported. This is raising investor scrutiny. David Wagner, head of equities at Aptus Capital Advisors, noted, “Like in the internet boom, the first-mover advantage doesn’t always win the marathon.” (Source: https://www.reuters.com/business/retail-co…)
Some investors worry that the spending itself might boost inflationary pressures across the AI supply chain—from chips to electricity—and keep bubble concerns alive. Bridgewater’s co-chief investment officers noted in a client memo that firms may feel forced to match rivals’ AI capital outlays, even when the returns remain uncertain. (Source: https://www.reuters.com/business/ai-spendi…)
Nvidia’s next major event is its quarterly earnings report, set for Feb. 25. The company will unveil its fiscal fourth-quarter results then, per its investor relations calendar. (Source: https://investor.nvidia.com/events-and-pre…)
But expectations might already be too lofty. “Guidance will be especially important and even a modest stumble could spark a rethink about the AI trade,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management, in a Reuters report on the markets ahead of this earnings and Fed-heavy week. (Source: https://www.reuters.com/business/us-stock-…)
Traders are zeroed in on Wednesday’s Fed statement and press conference, looking for any hint of changes to rate forecasts. Earnings reports from Microsoft and Meta will also draw attention, potentially reshaping expectations around AI demand.
Attention now shifts to Feb. 25, when Nvidia reports its earnings. The spotlight will be on its outlook for data center demand and supply, which matters even more.
