Nvidia Stock Surges Boost Australian ASX Market from February 2026

The Australian ASX market tends to rise when Nvidia's stock goes up. For example, on February 19, 2026, Nvidia's rise helped Wall Street, and the ASX was expected to open higher.
By Newsroom | Finance, Australia |

The Australian stock market, known as the ASX, has shown a tendency to rise when technology company Nvidia performs well on Wall Street. This connection seems to be a consistent pattern observed in market reports.

Market Activity and Nvidia's Impact

Reports from November 2024, November 2025, and December 2025 indicate that the ASX was expected to open higher, or was already rising, in periods where Nvidia's stock experienced surges or its financial results were anticipated. This suggests that positive news or performance from Nvidia can have a ripple effect, influencing broader market sentiment, including in Australia.

  • Positive Correlation: When Nvidia's stock climbs, especially due to strong earnings or positive outlooks, the ASX often follows suit with gains.

  • Bellwether Status: Nvidia's financial reports are viewed as a significant indicator for the technology sector, particularly for companies involved in artificial intelligence (AI).

Wall Street and the ASX: A Linked Scenario

Several articles highlight how Wall Street's performance, often driven by major tech companies like Nvidia, precedes or coincides with movements in the ASX.

  • Wednesday, February 19, 2026: The ASX was predicted to rise as Nvidia boosted Wall Street. The Dow Jones and Nasdaq saw gains, and the S&P 500 neared its all-time high.

  • May 22, 2024: Wall Street was at a record high ahead of Nvidia's earnings report, with the ASX 200 expected to open higher.

  • November 6, 2024: Nvidia was leading a tech rally on Wall Street, with the ASX expected to rise. The Dow, S&P 500, and Nasdaq all showed increases.

  • November 19, 2025: Ahead of Nvidia's earnings, European markets saw minor dips, while Wall Street edged higher. ASX futures pointed to a rise.

  • August 1, 2024: Nvidia surged nearly 13 percent, driving the NYSE Fang + Index higher, and the ASX was expected to rise.

Key Events and Market Responses

The anticipation and release of Nvidia's quarterly results are frequently mentioned as significant events that can move markets.

  • Nvidia's Earnings Reports: These reports are considered crucial catalysts that could potentially drive a stock market rally. The expectations for these reports are often high.

  • AI Market Influence: Nvidia's performance is strongly linked to the health of the artificial intelligence market, and its results often reinforce Wall Street's focus on AI-related companies.

Specific Company Performances

Beyond Nvidia, other companies' performances and market events are noted alongside the broader market movements.

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  • Wesfarmers and Telstra: These Australian companies are mentioned in relation to upcoming financial results that could impact the market.

  • Other Australian Stocks: On November 20, 2025, several Australian companies saw gains:

  • National Australia Bank: +1.4%

  • ANZ Bank: +0.9%

  • Macquarie Group: +2.4%

  • Northern Star (gold miner): +3.8%

  • Evolution Mining (gold miner): +3.3%

  • Newmont (gold miner): +1.2%

  • Block (Afterpay owner): +10.9%

  • WiseTech Global (tech stock): +2.1%

  • Xero (software maker): +1.6%

  • Technology One (software maker): +4.4%

  • Red Lobster: The bankruptcy filing of the restaurant chain was noted in May 2024.

  • Bitcoin: A report from November 19, 2025, mentioned Bitcoin taking a hit.

Economic Indicators

While market movements are often tied to corporate performance, broader economic factors are also observed.

  • Interest Rates: The yield on the 10-year Treasury rose to 4.07 percent from 4.05 percent in one instance.

  • Inflation: Persistent inflation is identified as a significant risk that could impact economic growth.

  • GDP Revisions: In the US, second-quarter GDP revisions were anticipated in August 2025.

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Frequently Asked Questions

Q: How does Nvidia's stock performance affect the Australian ASX market?
When Nvidia's stock does well, especially due to good earnings or a positive outlook, the Australian stock market (ASX) often sees gains. This happened around February 19, 2026, when Nvidia boosted Wall Street, and the ASX was expected to rise.
Q: When did Nvidia's performance last strongly influence the ASX?
Reports from November 2024, November 2025, and December 2025 show the ASX was expected to open higher when Nvidia's stock surged. A specific example is February 19, 2026, where Nvidia's rise led to predictions of an ASX increase.
Q: Why is Nvidia's performance seen as important for the ASX?
Nvidia is a key company in the technology and artificial intelligence (AI) sector. Its financial reports are watched closely and can affect the mood of the overall market, including in Australia.
Q: What other market events were happening around the time Nvidia influenced the ASX?
On February 19, 2026, alongside Nvidia's boost, Australian companies like Wesfarmers and Telstra had results coming up. Wall Street indexes like the Dow Jones and Nasdaq were also seeing gains.
Q: Are there specific dates when Nvidia's influence on the ASX was noted?
Yes, Nvidia's performance was linked to expected ASX rises on dates like February 19, 2026, May 22, 2024, November 6, 2024, November 19, 2025, and August 1, 2024.