Tech Stocks Rise as AI, Crypto Fears Subside

Nvidia, STMicroelectronics see gains, while Monday.com and Kyndryl stumble

Published on Feb. 9, 2026

Got story updates? Submit your updates here. ›

Technology stocks rose as concerns about the sustainability and implications of the artificial intelligence boom eased somewhat. Nvidia and STMicroelectronics saw gains, while Monday.com and Kyndryl faced challenges.

Why it matters

The tech sector has been grappling with the impact of AI and crypto volatility, so this shift in sentiment could signal a more stable outlook for the industry. However, individual companies continue to face unique obstacles, highlighting the uneven nature of the recovery.

The details

Nvidia, seen as a key supplier to AI companies, is expected to continue thriving despite concerns raised by Microsoft and others. Meanwhile, Monday.com's growth outlook failed to allay fears about AI disrupting its project management software business. Kyndryl, the IT infrastructure services firm spun off from IBM, saw its CFO depart amid an accounting review and SEC probe.

  • The tech stock gains occurred on February 10, 2026.

The players

Nvidia

An advanced chip maker that is playing a key role in supplying infrastructure to AI companies, similar to the position Intel held during the Dot-com boom.

Monday.com

A project management software company whose growth outlook failed to ease concerns about potential AI disruption to its business.

Kyndryl Holdings

An IT infrastructure services firm that spun off from IBM and saw its CFO depart amid an accounting review and SEC probe.

STMicroelectronics

A European chip maker that struck a deal with Amazon's cloud computing unit, a major breakthrough in efforts to supply AI infrastructure builders.

J.D. Joyce

The president of Houston financial advisory Joyce Wealth Management.

Got photos? Submit your photos here. ›

What they’re saying

“People are really starting to question whether the high levels of expenditure, whether the capex has been fruitful or not.”

— J.D. Joyce, President, Joyce Wealth Management

“My guess is when Nvidia reports at the end of the earnings season, it's going to show they continue to thrive.”

— J.D. Joyce, President, Joyce Wealth Management

What’s next

Nvidia is expected to report earnings at the end of the current earnings season, which could provide more insight into the company's performance and the broader AI landscape.

The takeaway

The tech sector is navigating a complex environment, with AI and crypto volatility creating both opportunities and challenges for individual companies. The uneven nature of the recovery highlights the importance of closely monitoring industry trends and company-specific factors when evaluating investment decisions in this dynamic space.