Nvidia Prepares for February Earnings as Trading Heats Up

Nvidia enters the countdown to its next quarterly report with a cautious mood. The stock slipped 1.64% yesterday as investors on Wall Street weighed the possibility of “AI losers” emerging in traditional sectors. For shareholders, the focal point isn’t the day’s small decline but whether February 25 results will again validate the lofty expectations surrounding the company.

• Earnings release and annual report: on February 25 (fiscal year ends January 25, 2026)
• Revenue consensus: about 65.55 billion USD; Goldman Sachs: around 67.3 billion USD
• Trading volume yesterday: roughly 189 million shares (MarketBeat notes this is about +9% above the norm)

High Revenue, Nervous Markets

Trading activity stood out as a notable feature of the session. MarketBeat data showed roughly 189 million Nvidia shares changing hands, about 9% above the usual turnover. The stock closed at 186.94 USD after opening at 193.03 USD, with an intraday range spanning 193.61 to 186.51 USD.

Even with the pullback, the short-term trend remains positive: the shares have advanced roughly 11% over the last five trading sessions. The gain has been supported by continued optimism around sustained AI spending and robust demand from large cloud-service providers.

AI Concerns Weigh on Indices

The decline came amid broad market weakness. CNBC noted that not only financials and Software-as-a-Service names, but also real estate, trucking, and logistics stocks faced selling pressure as investors debated how AI could disrupt traditional business models.

Consequently, the major U.S. indices retreated: the S&P 500 fell 1.57%, the Dow Jones dropped 1.34%, and the Nasdaq Composite declined 2.03%.

February 25 as the Trigger

Nvidia’s Investor Relations page lists a conference call for February 25 at 2:00 PM Pacific Time. The discussion will focus on the fourth quarter of fiscal year 2026 and the full-year results (fiscal year ending January 25, 2026).

Should investors sell immediately? Or is it worth buying Nvidia?

On the revenue side, market consensus points to about 65.55 billion USD. Goldman Sachs reportedly expects around 67.3 billion USD — roughly 2 billion more than the consensus. In terms of price targets, UBS raised its objective from 235 to 245 USD on the premise of a favorable setup ahead of the print and continued supply-chain strength. Market participants also cited higher targets from Barclays (275 USD) and Morgan Stanley (250 USD); the average target stands at 264.20 USD.

Insider Sales Filed

Recent SEC filings revealed several insider transactions. Chief Financial Officer Colette Kress sold 27,640 shares on February 4 at an average price of 175.72 USD (about 4.9 million USD). SEC documents cited by Stock Titan indicate the sale occurred under a Rule-10b5-1 plan set up on March 4, 2025.

Additionally, Director Harvey C. Jones sold 250,000 shares on December 15, 2025 at 177.33 USD (about 44.3 million USD). Jones has served on Nvidia’s board since 1993 and still holds more than 7 million shares through a trust. MarketBeat tallies insider sales for the last quarter at 1,611,474 shares worth about 291.7 million USD.

Beyond the insider activity, demand for AI infrastructure remains a talking point. Motley Fool notes Kress’s remarks that demand continues to rise; AI product revenues from last year through 2026 could surpass earlier forecasts of 500 billion USD. Major hyperscalers such as Alphabet and Amazon have also announced expanded AI spending commitments.

Contextually, MarketBeat estimates Nvidia’s market capitalization at around 4.54 trillion USD, with a trailing P/E near 46 and the 50-day moving average at 184.64 USD. The decisive moment remains February 25: will the Q4 revenue come in at the projected corridor of roughly 65.55 to 67.3 billion USD, or will it exceed expectations?