Nvidia’s stock closed at $189.82, gaining 1.02% ahead of its highly anticipated fiscal fourth-quarter earnings report on February 25. The company is reportedly nearing a monumental $30 billion investment in OpenAI, with SoftBank and Amazon likely to join the deal, pushing OpenAI’s valuation to approximately $830 billion. Analysts expect Nvidia’s earnings per share to soar by 71%, driven by continued robust spending from hyperscalers on AI infrastructure.
However, there’s caution as some investors are rotating into reliable infrastructure sectors amid concerns about high AI valuations. Market volatility persists as uncertainties surrounding trade rules unfold, despite a recent Supreme Court decision affecting tariffs. Nvidia’s results will significantly impact the chip sector, influencing stocks like Advanced Micro Devices and Broadcom. Eyes remain fixed on CEO Jensen Huang’s insights about demand and AI spending momentum. Investors are keenly awaiting Nvidia’s earnings call at 2 p.m. PT on February 25.
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