ii Tech Focus: Meta, Nvidia, Raspberry Pi, Palo Alto
With US technology still a hot sector, ii’s head of investment brings you the latest news, most-bought tech stocks on the ii platform and upcoming results.
20th February 2026 10:26
by Victoria Scholar from interactive investor
Screens showing Nvidia CEO Jensen Huang and the company’s logo. Photo: Lionel BONAVENTURE/AFP via Getty Images.
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Meta Platforms/Nvidia
NVIDIA Corp (NASDAQ:NVDA) and Meta Platforms Inc Class A (NASDAQ:META) have announced a multi-year mega chip tie-up in a deal that could potentially be worth as much as $50 billion (£37 billion).
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Facebook’s parent company will buy millions of chips from Nvidia, covering its existing Blackwell chips, its upcoming Rubin artificial intelligence (AI) chips and its Grace and Vera central processors. It is estimated that almost two-thirds of Nvidia’s total revenue is derived from just four hyperscalers including Meta.
Nvidia is facing intense competition from Advanced Micro Devices Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), and companies such as Meta, Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT) and Google (Alphabet Inc Class A (NASDAQ:GOOGL)), which are all trying to build their own in-house chips. However, Nvidia has been a key beneficiary of the astronomical spending spree under way among these hyperscalers in the AI arms race.
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Raspberry Pi
Raspberry Pi Holdings (LSE:RPI) temporarily reached a market capitalisation of £1 billion for the first time in nine months this week after shares enjoyed a meme stock-style surge. On 16 February, CEO Eben Upton bought shares, potentially prompting opportunistic investors to follow suit after the stock traded at depressed levels, dropping below its IPO price from 2024 earlier this month. The Financial Times also reports that social media posts suggested there was a “sudden surge in demand’ for its ‘credit card-sized computers among AI hobbyists’”, fueling AI speculative share buying.
20 most-bought tech stocks on the ii platform
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8 | Palantir Technologies Inc Ordinary Shares - Class A (NASDAQ:PLTR) |
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Source: interactive investor, 16-18 February 2026.
Week Ahead
Nvidia
Nvidia prepares to report fourth-quarter earnings after the market closes on Wednesday 25 February. As the world’s most valuable company with a market cap of around $4.5 trillion, it has been the poster child for the AI frenzy.
Nvidia’s shares have performed extremely well since late 2022, although the stock has struggled since November’s volatility sparked by AI bubble fears. There is a high bar going into Wednesday’s earnings for the AI chip giant. Last quarter, Nvidia delivered very strong sales and earnings growth as well as impressive guidance. Investors are hoping for more of the same next week.
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According to Refinitiv, Q4 adjusted earnings per share is expected to hit $1.53 versus $1.30 last quarter on revenues of $65.8 billion, up from $57.01 billion in Q3. Focus will be on its data centre revenue which is expected to hit $60.1 billion versus $51.2 billion last quarter. Investors will also seek reassurance about the demand outlook for its AI chips that might justify its lofty valuation amid an increasingly competitive landscape versus rivals such as AMD and in-house chips.
Amid the success of its Blackwell chips, which are reportedly largely sold out, investors will be looking for any insights into Rubin, its next-generation AI computing architecture. Investors will also be looking out for any clarity around the China sales outlook after the Trump administration partially reversed an export ban late last year.
According to Refinitiv, Nvidia retains its analyst buy recommendation, with a current average target price of $254.81, up around 35% from the current share price. Shares are roughly flat year-to-date and are up 35% over the last year.
Monday 23 February
Riot Platforms (AMC) E
Tuesday 24 February
HP Inc (AMC), Lucid Group (AMC)
Wednesday 25 February
IonQ (AMC), MARA Holdings (AMC) E, Nvidia (AMC), Salesforce (AMC), Snowflake (AMC), Synopsys (AMC), The Trade Desk (AMC)
Thursday 26 February
Baidu (PMO), Block (AMC), Intuit (AMC), Rocket Lab (AMC)
Key: PMO = Pre Market Open AMC = After Market Close E = Estimated
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.