NVDA Shares Up 7.7% on $650B AI Spending Plans by Tech Giants

Nvidia Corp. (NVDA) surged as much as 7.7% on February 6, 2026, amid reports that major tech firms plan to invest $650 billion in AI infrastructure in 2026—about 60% more than 2025—lifting shares of “picks and shovels” in the AI complex. The move erased a five-day losing streak and added over $300 billion in market value. Amazon.com (AMZN), Alphabet (GOOGL), Meta (META), and Microsoft (MSFT) are expected to spend roughly $200 billion collectively this year on data centers, chips, and tools. Revenue for the AI infrastructure group is forecast to hit $1 trillion this year, with Broadcom (BRCM), Marvell (MRVL), Sandisk (SDAK), Western Digital (WDC), and Seagate (SG) among the gainers. Cloud and data-center equipment providers, including CoreWeave (CWVE), Amphenol (AMPN), GE Vernova (GVNY), and Vertiv (VRT) also rose. The rally reversed broader software and technology weakness sparked by new AI tools from Anthropic (ANTH) that challenged incumbents’ business models.