Nvidia’s AI Rally Faces Q4 Earnings Test

NVDA’s fiscal Q4 2026 results due Feb. 25 will test whether the AI rally can sustain gains. Bulls point to resilient AI infrastructure spending by cloud giants, a broader Meta AI partnership, and the anticipated Blackwell GPU ramp driving data-center growth, while bears warn of margin pressure from HBMs and export controls in China, plus rising in-house chip development by cloud providers. Wall Street looks for EPS of $1.52 on $65.67 billion in revenue, with full-year revenue around $213.3 billion and EPS $4.69. TipRanks’ consensus remains Strong Buy with roughly 39% upside to $261.84.