NEW YORK, January 5, 2026, 06:23 ET — Premarket
- Nvidia shares rose 1.2% in premarket trading, ahead of CEO Jensen Huang’s CES appearance later Monday.
- Foxconn posted record fourth-quarter revenue on AI demand, a fresh read-through for Nvidia’s server supply chain.
- Traders are also watching Friday’s U.S. jobs report and next week’s CPI data for clues on interest rates.
Nvidia shares were up 1.2% at $188.85 in premarket trading on Monday, a move that comes before U.S. markets open at 9:30 a.m. ET.
The chip designer sits at the center of the “AI trade” — investor positioning around artificial intelligence-linked stocks — and the calendar is forcing decisions early in the year. CES, the consumer electronics trade show in Las Vegas, starts this week and is set to feature more talk on AI in products beyond autos, Reuters reported. Reuters
Why it matters now: traders are positioning for an on-stage update from CEO Jensen Huang, with any hints on product roadmaps and customer demand likely to ripple through the broader semiconductor complex. CES organizers list Nvidia’s press conference with Huang for 1:00 p.m. PT (4:00 p.m. ET) on Monday.
The tone also firmed after Foxconn, the world’s biggest contract electronics maker and Nvidia’s largest server manufacturer, reported record fourth-quarter revenue, driven by demand for AI products. Foxconn said it expects robust demand for AI server rack products to push first-quarter performance toward the upper end of its past five-year range, even as some information and communications technology products enter a seasonal slowdown.
Chip stocks were broadly higher in early trading. Advanced Micro Devices rose 4.3% in the premarket, while Intel gained 6.7% and Taiwan Semiconductor Manufacturing’s U.S.-listed shares climbed 5.2%.
Nvidia has marked Feb. 25 for its fourth-quarter fiscal 2026 financial results, according to its investor events calendar — the next major checkpoint for guidance on data-center demand and supply.
Macro could matter as much as product headlines. The Labor Department’s schedule shows the U.S. employment report for December 2025 is due on Friday, Jan. 9, with the December CPI report set for Tuesday, Jan. 13; the Federal Reserve’s next policy meeting is Jan. 27–28.
But the upside case has a complication: investors are increasingly focused on whether the AI buildout stokes inflation and pushes rates higher, a backdrop that can pressure growth-stock valuations. “The costs are going up not down in our forecast, because there’s inflation in chip costs and inflation in power costs,” Morgan Stanley strategist Andrew Sheets said in a Reuters report on AI-driven inflation risks. Reuters
