Nvidia Slides for Seventh Day as Investors Await AI Chip Outlook
Nvidia has become the central supplier of computing infrastructure for the generative AI boom, making its product roadmap a key gauge of global data-center spending. Investors are looking beyond the Blackwell rollout to the Rubin platform for evidence that growth can remain durable. The longer-term question is whether Nvidia can preserve its dominant AI-chip position as cloud operators including Google, Amazon and Microsoft expand their internally designed ASIC accelerators.
Nvidia shares have fallen for seven consecutive sessions ahead of its fiscal second-quarter results, signaling greater caution despite expectations for another sharp increase in revenue. Attention will center on Blackwell supply and shipment momentum, the timing of Rubin deployments and management’s outlook for demand through 2028. Guidance from Nvidia will also help investors assess whether hyperscaler capital spending can support current valuations as competition from custom silicon intensifies.
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The history behind this eventNvidia Shares Fall Despite Earnings Beat as Market Questions Long-Term AI Investment Momentum
Nvidia is the world’s leading supplier of AI accelerators, with its data center business accounting for about 90% of revenue. Its results are therefore seen as a bellwether for capital spending by major cloud providers and the broader AI cycle. As demand shifts from model training to inference, investors are also watching whether alternatives from AMD and custom-designed chips could erode Nvidia’s growth advantage.
Nvidia on February 25, 2026, reported record fourth-quarter revenue of $68.1 billion for the period ended January 25, up 73% from a year earlier. Data center revenue also hit a record $62.3 billion, up 75%. Its shares nevertheless fell more than 5% on February 26. The company also warned in its 10-K filing that its agreement with OpenAI might not be completed, prompting investors to closely track the partnership’s progress and demand over the next two to three quarters.
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