By Bram Berkowitz
Publication Date: 2026-01-23 13:30:00
Nvidia is coming off a strong year in 2025.
Despite a lot of back-and-forth among investors about artificial intelligence (AI) stocks, rising competition, and intense spending on AI-related infrastructure, AI chip giant Nvidia (NVDA +0.83%) didn’t skip a beat in 2025. The stock ripped 38% higher, more than doubling the S&P 500 index’s performance.
The question is, can Nvidia keep it going in 2026, despite the concerns mentioned above still being prevalent?
Image source: Nvidia.
While no one can predict short-term market events, investors’ next big look at Nvidia will likely come when the company reports fourth-quarter earnings for fiscal year 2026 on Feb. 25.
The average earnings-per-share (EPS) estimate from the 40 Wall Street analysts currently covering the stock is $1.52, which would be a 71% increase from the same quarter one year ago, according to Yahoo! Finance. Revenue is projected at $65.47 billion, an increase of nearly 66.5% year over year.
Should investors buy Nvidia stock before Feb. 25?
AI demand will be under the spotlight
Nvidia rarely misses consensus earnings and revenue estimates, so it’s not a big focal point for me heading into earnings, although a miss would likely drum up some concerns.
Rather, I expect investors and analysts to look for clues on whether AI demand is peaking or accelerating, as Nvidia is likely the single-largest beneficiary of accelerating AI demand. This can be examined through Nvidia’s sales and backlogs for its latest chip…
