Nvidia Quarterly Earnings Face Scrutiny Amid Big Tech Custom AI Chip Competition

Summary

Nvidia is set to report quarterly earnings on February 26, 2026, in what Reuters characterizes as the AI market's biggest near-term test. The chipmaker faces investor scrutiny over whether its profit growth justifies its position given a $630 billion cumulative capital spending budget from major hyperscalers. Nvidia's stock has gained only about 2% year-to-date in 2026, a sharp deceleration from the rally it powered across U.S. markets over the prior three years. The report highlights emerging