New York, January 27, 2026, 09:29 (EST) — Premarket
- Nvidia shares edged up roughly 0.4% in premarket trading, following a close of $186.47 in the previous session
- CoreWeave secured a $2 billion investment, while new supply-chain developments kept AI infrastructure in focus
- Traders are focused on Wednesday’s Fed decision and Nvidia’s earnings set for Feb. 25
Nvidia shares ticked higher by 0.4% in premarket trading on Tuesday, pausing at $187.23 before the open. The stock closed Monday at $186.47. (Google)
The scene is crowded: a Federal Reserve announcement set for Wednesday, alongside a flood of mega-cap earnings that might rattle the “AI trade” if guidance falters. “Communications and technology sectors are doing well today ahead of earnings from many big firms,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management. (Reuters)
This is crucial for Nvidia, as its shares now serve as a barometer for whether hefty investments in data centers and AI chips are translating into real orders rather than just buzz. Interest rates play a role as well; growth stocks often shift in response to changes in bond market expectations.
On Monday, Nvidia ramped up its bet on a key client by investing $2 billion in cloud infrastructure provider CoreWeave at $87.20 a share. That adds about 23 million shares and nearly doubles Nvidia’s stake, Reuters calculations from LSEG data show. CoreWeave, a “neocloud” that leases AI computing hardware and capacity, said the funds will cover land, power, and other expansion costs—not the purchase of Nvidia processors. CEO Michael Intrator described Nvidia as “the leading and most requested computing platform” among its customers. (Reuters)
Supply-chain buzz lingered as Samsung Electronics plans to kick off production of its next-gen high-bandwidth memory chips, HBM4, next month, aiming to supply Nvidia, according to a source familiar with the matter who spoke to Reuters. HBM, a stacked memory technology that sits close to AI processors for faster data transfer, is in focus. Samsung and SK Hynix are set to release quarterly earnings on Thursday, with investors looking for updates on HBM4 orders. (Reuters)
Competition remains fierce. On Monday, Microsoft revealed its second-generation Maia 200 AI chip and announced it will provide software tools like Triton, an open-source programmer designed to tackle workloads typically handled by Nvidia’s CUDA — the software stack many analysts credit as Nvidia’s advantage. (Reuters)
Nvidia is pushing the narrative beyond just its chips. The company rolled out three open-source AI models designed to speed up weather forecasting. This move fits into a larger strategy of expanding open-source software offerings. Nvidia is also targeting industries like insurance with these new tools. “The tension is gone, because once trained, AI is 1,000 times faster,” said Mike Pritchard, Nvidia’s director of climate simulation research. He explained that insurers can now run much larger “ensembles” — batches of forecasts to explore a range of outcomes and outliers. (Reuters)
ASML is set to release earnings on Wednesday, and all eyes are on whether it will raise its 2026 sales forecast amid tight supply for advanced processors. John West from consultancy Yole Group called ASML’s extreme ultraviolet lithography machines “the only game in town” for producing cutting-edge chips. (Reuters)
Still, risks loom. Nvidia’s bets on customers could spark fresh concerns over “circular financing.” The market watches closely for any hint that cloud giants’ own chips might erode Nvidia’s edge. If the Fed turns hawkish or big tech issues weaker guidance, the stock could take a sharp hit.
Traders will focus on the Fed’s Wednesday statement before digging into AI spending clues from earnings and calls across tech. On Thursday, memory giants Samsung and SK Hynix may reveal more about momentum—or hurdles—in the HBM supply chain.
Nvidia’s next scheduled event is the release of its fourth-quarter fiscal 2026 earnings on Feb. 25. (Nvidia)
