NVIDIA Pre-Market Gains: AI Hardware Demand and Earnings Optimism

Based on the latest market data and news reports, here is a comprehensive analysis of the factors driving pre-market gains in major US tech stocks, particularly NVIDIA’s notable rise.

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NVIDIA shares were up approximately

in early trading on Thursday, continuing to test the upper end of their recent trading range as investors position ahead of the company’s upcoming earnings report [1]. Several key factors are contributing to this positive momentum:

• NVIDIA is scheduled to release its January-quarter results on
  February 25, 2026
• According to FactSet consensus estimates, analysts expect:
  • Adjusted earnings of
    $1.49 per share
  • Revenue of
    $65.58 billion
    [1]
• Investors are closely watching forward guidance, particularly for the April quarter, with UBS noting that market expectations may already be pricing in revenue of
  $74-75 billion
  , compared to the current consensus of $71.59 billion [1]

• NVIDIA has climbed
  11% over the past five trading sessions
• The stock has largely traded sideways since November but remains within a strong upward trend channel [1]

• Explosive demand for the Blackwell architecture (B200 & GB200 systems) continues to outstrip supply
• This platform represents the fastest ramp-up in NVIDIA’s company history
• The demand is driven by generative-AI training and the second wave of AI inference workloads [2]

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An interesting divergence is emerging in the AI sector:

Company	Pre-Market Performance	Relative Strength
NVIDIA	+0.8% to +1%	Outperforming
Meta Platforms	Struggling	Under pressure
Microsoft	Struggling	Under pressure
Amazon	Struggling	Under pressure

This divergence suggests investors are

(NVIDIA) while showing caution toward AI infrastructure spenders whose capital expenditure cycles are under scrutiny [1].

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• AI-related shares in China posted strong gains on Thursday
• Zhipu AI
  (Knowledge Atlas Technology) surged nearly
  30%
  after releasing GLM-5 open-source LLM
• MiniMax
  jumped
  14%
  following its updated M2.5 model launch
• This regional strength creates positive sentiment for global AI exposure [1]

• Ro Khanna
  (House Select Committee on China) signaled potential flexibility on older-generation chip sales to China
• This suggests a potential easing of export restrictions that could benefit NVIDIA’s data center business [1]

• NVIDIA’s
  GeForce Now
  cloud gaming service launched a native app on
  Amazon Fire TV
  devices
• Streaming quality supports up to 1080p and 60 fps, expanding NVIDIA’s consumer footprint [3]

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Index	Feb 12 Close	Daily Change	Period Trend
S&P 500	6,856.02	-1.46%	Down
NASDAQ	22,681.27	-1.99%	Down
Dow Jones	49,563.11	-1.21%	Down
Russell 2000	2,612.94	-2.68%	Down

Despite broader market weakness,

highlights its premium positioning within the AI ecosystem [4].

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Metric	NVIDIA (NVDA)	Sector Context
20-Day MA	$185.63	Trading above
50-Day MA	$184.43	Trading above
200-Day MA	$171.32	Trading well above
Period Change (344 days)	+59.99%	Strong uptrend
Volatility (Daily Std Dev)	2.92%	Moderate

NVIDIA’s position

confirms sustained bullish momentum [4].

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1. Short-Term
   : NVIDIA’s pre-market gains reflect earnings season positioning and continued AI infrastructure demand optimism

2. Medium-Term
   : The key catalyst will be forward guidance, particularly regarding:
   • Blackwell supply chain improvements
   • Rubin platform (R100) developments in 2H 2026
   • Margin recovery as Blackwell production scales

3. Sector Rotation
   : The outperformance of pure-play AI hardware versus AI infrastructure spenders suggests investors are becoming more selective within the AI trade

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[1] Invezz - “Why Nvidia stock is up around 1% while other AI giants struggle” (https://invezz.com/news/2026/02/12/why-nvidia-stock-is-up-around-1-while-other-ai-giants-struggle/)

[2] Financial Content - “The GPU King’s $39 Billion Victory: Nvidia’s Earnings Cement Its Role as the AI Market Bellwether” (https://markets.financialcontent.com/stocks/article/marketminute-2026-2-5-the-gpu-kings-39-billion-victory-nvidias-earnings-cement-its-role-as-the-ai-market-bellwether)

[3] NVIDIA Blog - “GeForce Now on Amazon Fire TV” (https://blogs.nvidia.com/blog/inference-open-source-models-blackwell-reduce-cost-per-token/)

[4] 金灵API市场数据 - US Stock Market Indices (2026-02-10 to 2026-02-12)