New York, July 12, 2026, 10:05 (EDT)
NVIDIA Corporation NASDAQ:NVDA finished Friday at $210.96, a gain of 4.0% on the day and 8.3% for the week. That move added around $393 billion in market cap, based on the same number of shares outstanding. Nasdaq’s main session will stay shut on Sunday, with trading starting up again Monday at 9:30 a.m. EDT.
Nvidia’s stock gained $16.13 for the week, but most of that came on just two days. Shares jumped on Wednesday and Friday, which together made up $15.37 of the total move, or 95%. Thursday saw some of Wednesday’s gain pulled back before buying picked up again to close out the week.
| Session | Closing price | Close-to-close change | Share of weekly net gain |
|---|---|---|---|
| Monday, July 6 | $195.55 | up $0.72 | 4.5% |
| Tuesday, July 7 | $196.93 | added $1.38 | 8.6% |
| Wednesday, July 8 | $204.12 | jumped $7.19 | 44.6% |
| Thursday, July 9 | $202.78 | fell $1.34 | −8.3% |
| Friday, July 10 | $210.96 | surged $8.18 | 50.7% |
Chip stocks were mixed this week. Nvidia was up, but didn’t lead the pack. Broadcom Inc. NASDAQ:AVGO jumped 11.0% for the week, despite a drop Friday. Advanced Micro Devices Inc. NASDAQ:AMD climbed 7.7%. The Nasdaq Composite rose 1.7%. The PHLX semiconductor index ended Friday nearly unchanged, with Nvidia’s spike showing demand stuck in just a few big names rather than across the sector.
| Asset | Friday close | Friday move | Weekly move |
|---|---|---|---|
| Nvidia | $210.96 | up 4.03% | up 8.28% |
| Broadcom | $399.97 | down 0.28% | up 10.96% |
| AMD | $557.89 | up 2.04% | up 7.74% |
| Nasdaq Composite | 26,281.61 | gained 0.29% | added 1.70% |
Weekly moves in stocks tracked from July 2 close to July 10.
Meta Platforms Inc. NASDAQ:META says it will start making its custom Iris AI chip in September, working with Broadcom on the design. The chip will add to Meta’s GPU supply but won’t replace orders from Nvidia and AMD. The company wants to hit 14 gigawatts of computing power by 2027, doubling its current amount. “You can’t become an AI titan if you are dependent on another company for chips,” said Forrester analyst Mike Gualtieri. Reuters
Investors took the plan as a sign that the AI market itself is getting bigger, rather than just a shift away from Nvidia sales. Benchmark Research analyst Cody Acree told Barron’s that Nvidia could see its share of Meta’s chip buying fall, but dollar sales to Meta may still go up if overall hyperscaler spending climbs.
Nvidia still has a big financial footprint. The company posted first-quarter revenue of $81.6 billion, up 85% from last year. Data-center revenue jumped 92% to $75.2 billion. Nvidia sees second-quarter revenue at $91 billion, give or take 2%, and that doesn’t include any assumed China data-center sales. CEO Jensen Huang said the ramp-up of the company’s so-called “AI factories”—big data centers for training and running models—was “accelerating at extraordinary speed.” NVIDIA Investor Relations
Markets will turn from semis to rates next week. Investors get the U.S. consumer price index on Tuesday, then producer prices on Wednesday, plus retail sales set for Thursday. Fed Chair Kevin Warsh is due to appear before Congress. “A lot of factors coming to a head all at once,” Glenmede’s Michael Reynolds said. Ameriprise’s Anthony Saglimbene said if inflation runs hot, “odds of a rate increase” by year-end get a boost. Reuters
The upside here still faces two main risks. Meta and other big buyers might speed up a move to their own AI inference chips, which could hit Nvidia’s market share and squeeze prices before overall demand picks up. Also, a strong inflation print could send bond yields higher and push down how much investors want to pay for future earnings. If Nvidia gave back all the gains from Wednesday and Friday, shares would drop about 7.3% from Friday’s close to around $195.60. That’s just a possible downside, not a call.
Nvidia faces an early test Monday with the $210 level in focus. The chipmaker had a strong week, but most of the gains hit in two quick moves, just ahead of a busy macro week for markets. Chip stocks as a group need to back up the action.
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