Nvidia Corp. shares climbed 2.66% to $223.21 on Wednesday as investors looked ahead to the chipmaker’s Aug. 26, 2026 earnings report and weighed continued spending on AI infrastructure. The move came with S&P 500 futures up 0.3%, adding support for mega-cap technology stocks. Investor interest in AI hardware demand was reinforced after Intel increased its equity offering to $20 billion and said it expects about $19.7 billion in net proceeds, with funds earmarked for general corporate purposes including working capital and capital expenditures; the company also expects 2026 capital spending to exceed $20 billion. CoreWeave and Super Micro Computer reported strong backlogs and ongoing data-center spending, adding to the view that heavy investment by cloud and technology companies continues to underpin demand for Nvidia chips. Wall Street expects Nvidia to post earnings per share of $2.07, up from $1.04 a year earlier, and revenue of $91.82 billion, up from $46.74 billion year over year. The stock trades at a P/E (price-to-earnings) ratio of 33.3x, carries a Buy consensus rating and has an average analyst price forecast of $325.74.