Nvidia Forecasts Strong Revenue, Shares Rise on Earnings.

Nvidia reports earnings today after the close, ending a tech earnings season marked by sharp swings in investor reaction. Its results will carry the clearest read on AI spending momentum.

• $5 trillion: Nvidia's market cap, the only chipmaker at that level.
• $500 billion in AI infrastructure deals involve Apollo, BlackRock, Blackstone, Goldman Sachs, and others.
• 14% gain in 2026 puts Nvidia only two points ahead of the S&P 500.
• Shares fell 19% during a recent chip-stock unwind before stabilizing.

Why it matters: Nvidia's guidance on demand will shape near-term stock trajectories for AMD, Broadcom, Marvell, and TSMC. Investors want to know whether AI spending is still accelerating or becoming more selective.

• Rising memory chip costs and customer concentration among large hyperscalers are active pressure points on margins.

How 19 sources split on this story

What’s next: Management commentary on Blackwell and Rubin supply and demand will be the primary focus.

• Nvidia is reportedly in talks to guarantee $250 billion for an OpenAI data center.
• Will Nvidia's customer financing partnerships reduce or increase its own balance-sheet risk over time?
• Can Nvidia's revenue guidance justify valuations after its stock underperformed its recent historical pace?