NEW YORK, Feb 24, 2026, 10:02 (EST) — Regular session.
- NVIDIA shares dipped in early trading, with investors bracing for the chipmaker’s earnings, set for release Wednesday after the bell.
- AMD just landed a new AI-chip supply deal with Meta, a sign that major buyers are broadening their supplier rosters.
- Nvidia’s outlook, supply cues, and any hints about demand tilting to “inference” workloads are all on traders’ radar.
NVIDIA Corporation (NVDA) slipped early Tuesday, with shares off roughly 0.6% at $190.31 just before 10 a.m. EST. The chipmaker had finished Monday at $191.55. Investors are bracing for results due later this week. 1
The clock’s important here. Nvidia now stands as the fastest signal for investors tracking if Big Tech is pouring big money into data centers and AI chips—and, crucially, whether those bets are starting to deliver returns.
Advanced Micro Devices sent shockwaves through the sector, announcing a deal to provide Meta Platforms with as much as $60 billion in AI chips over five years. The agreement also hands Meta the right to buy up to 10% of AMD. “Meta is locking in supply and diversifying away from a single vendor,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown. Shares of AMD surged more than 10% in premarket action. Nvidia slipped, and Broadcom dropped roughly 1.5%, according to Reuters. 2
Investors are eyeing whether Nvidia’s expensive chips can maintain their grip as rivals emerge, like Google’s own tensor processing units (TPUs). Ivana Delevska, chief investment officer at Spear Invest, flagged this earnings report as a turning point, citing worries about AI investment levels and the risk of a bubble. Seaport Research Partners’ Jay Goldberg pointed out that “upside” might be capped by Taiwan’s TSMC production limits. 3
Bullish calls remain in place from Stifel, J.P. Morgan, and D.A. Davidson, all sticking with $250 targets ahead of the report, Barron’s noted. Now, attention is turning to inference—the process where a trained model responds to a user—which could shake up demand for different chips and systems. 4
Nvidia plans to release its results around 1:20 p.m. PT (that’s 4:20 p.m. ET) this Wednesday, with a conference call set for 2 p.m. PT. Written commentary from CFO Colette Kress will accompany the numbers. 5
Nvidia on Monday rolled out a cybersecurity initiative with partners Akamai, Forescout, Palo Alto Networks, Siemens and Xage Security, targeting the operational technology and industrial control systems space. Those OT and ICS networks keep plants, utilities, and other core infrastructure running. 6
Traders are zeroed in on guidance for the April quarter and whether the company can deliver more of its latest chips without compressing margins. Comments about customer orders into the back half of the year—and any mention of China—are set to be scrutinized.
Nvidia doesn’t have to actually miss estimates for the stock to take a hit. Just a conservative outlook, or signs that major buyers are hedging with competitors and in-house designs, could be enough. The shares are still priced as if rapid growth is the default scenario.
Wednesday’s after-hours report lands next, with the 5 p.m. ET call expected to bring a round of tough analyst questions on summer order visibility and supply. Management faces the spotlight.
