NEW YORK, Feb 10, 2026, 05:08 EST — Premarket
- After climbing 2.5% on Monday, Nvidia shares traded just below $190 in early premarket action.
- Investors are gearing up for U.S. payroll and inflation figures due later this week, followed by Nvidia’s earnings report on Feb. 25.
- Cisco has entered the data center arms race with its new AI networking chip.
Nvidia shares hovered near $190 in early premarket trading Tuesday, following a 2.5% jump on Monday that pushed the stock to close at $190.04.
The chipmaker now stands as a daily barometer for the market’s “AI trade,” with sentiment swinging after last week’s steep drop in software stocks. That pullback reignited worries that emerging AI tools might upend existing business models. Reuters
This matters because the next major data drops are just around the corner: the U.S. jobs report arrives Wednesday, Feb. 11, followed by the consumer price index on Friday, Feb. 13. Both have the power to shift bond yields and rate-cut forecasts, which in turn can send high-priced growth stocks on a rollercoaster.
On Monday, tech-focused indexes on Wall Street bounced back as investors snapped up stocks that had taken a hit. “You’ve a sharply oversold market where a little bit of good news can go a long way,” said Keith Lerner, chief investment officer at Truist Advisory Services. Reuters
Cisco just dropped a new chip and router designed to boost data flow in massive AI data centers, stepping up to challenge Broadcom and Nvidia as AI infrastructure spending heats up. “We focus on the total end-to-end efficiency of the network,” said Cisco executive vice president Martin Lund in a Reuters interview. Reuters
Investors are keeping an eye on whether the AI expansion will maintain its momentum—and who will foot the bill. In a separate look at SoftBank and OpenAI funding, Futurum Equities’ Rolf Bulk pointed out, “The likes of Amazon and Google are spending well in excess of $100 billion per year in capex,” meaning capital expenditures. Reuters
Nvidia’s main focus is on selling AI accelerators — chips designed to train and run AI models — and it’s closely linked to the massive data-center customers fueling the surge. The quicker those clusters grow, the more investors tend to favor the stock.
Yet the arrangement works both ways. If customers start trimming AI budgets, push more tasks onto their own chips, or struggle with rising component prices, Nvidia’s stock could take a hit fast—leaving little margin for error.
Traders are focused on this week’s macro data as the immediate challenge, while semiconductors remain highly reactive to shifts in yields and risk appetite.
Nvidia’s next major event is its fiscal 2026 fourth-quarter and full-year earnings report, set for Wednesday, Feb. 25. The company also announced a conference call at 2 p.m. Pacific (5 p.m. Eastern).
