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What's Going On With Nvidia Stock on Wednesday?

Benzinga·08/12/2026 15:44:50
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Nvidia Corp. (NASDAQ:NVDA) shares moved higher Wednesday as investors focused on continued AI infrastructure spending, broader semiconductor momentum and the company’s upcoming earnings report.

The company’s stock rose almost 3% as investors looked ahead to the company’s quarterly earnings report on Aug. 26, 2026. The move came as S&P 500 futures gained 0.3%, supporting risk appetite for mega-cap technology stocks.

AI Infrastructure Demand Supports Chip Stocks

Intel Corp. (NASDAQ:INTC) kept investor attention on AI infrastructure after increasing its equity offering to $20 billion and expecting about $19.7 billion in net proceeds.

Intel said it plans to use the funds for general corporate purposes, including working capital and capital expenditures, and expects 2026 capital spending to exceed $20 billion.

CoreWeave Inc. (NASDAQ:CRWV) and Super Micro Computer Inc. (NASDAQ:SMCI) also reported strong backlogs and continued data-center spending, reinforcing demand for AI infrastructure.

Heavy AI hardware investment by major cloud and technology companies continues to support demand for Nvidia’s chips.

Earnings & Analyst Outlook

The countdown is on: Nvidia Corp is set to report earnings on August 26, 2026 (confirmed).

  • EPS Estimate: $2.07 (Up from $1.04 YoY)
  • Revenue Estimate: $91.82 Billion (Up from $46.74 Billion YoY)
  • Valuation: P/E of 33.3x (Indicates premium valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $325.74. Recent analyst moves include:

  • Wells Fargo: Overweight (Maintains Forecast to $315.00) (Aug. 11)
  • Keybanc: Overweight (Raises Forecast to $330.00) (July 14)
  • China Renaissance: Initiated with Buy (Forecast $319.00) (June 5)

Top ETF Exposure

  • Franklin Focused Dynamic Growth ETF (NASDAQ:FFOG): 9.99% Weight
  • Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (NYSE:USNZ): 9.73% Weight
  • iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP): 9.96% Weight

Significance: Because NVDA carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

NVDA Stock Price Activity: Nvidia shares were trading higher by 2.66% at $223.21 at the time of publication on Wednesday, according to Benzinga Pro data.

Photo: Shutterstock.com