--- title: "Wall St Week Ahead-Nvidia, software reports pose next tests for AI-sensitive stock market" description: "Investors are looking forward to Nvidia's fiscal Q4 results, which are expected to show a 71% rise in earnings per share. Other tech companies, including Salesforce and Intuit, will also report earnin" type: "news" locale: "en" url: "https://longbridge.com/en/news/276434612.md" published_at: "2026-02-20T11:00:00.000Z" --- # Wall St Week Ahead-Nvidia, software reports pose next tests for AI-sensitive stock market > Investors are looking forward to Nvidia's fiscal Q4 results, which are expected to show a 71% rise in earnings per share. Other tech companies, including Salesforce and Intuit, will also report earnings amid concerns about AI's impact on their businesses. Nvidia's stock has seen significant fluctuations, influencing major indexes. Analysts have varying estimates for Nvidia's future earnings, and CEO Jensen Huang's comments could affect the broader AI industry. The upcoming week is crucial for software companies, with a market rotation benefiting sectors like energy and consumer staples. Nvidia to report fiscal Q4 results on Wednesday Other tech reports include Salesforce, Intuit, Dell Retailer results, State of the Union also in focus By Lewis Krauskopf NEW YORK, Feb 20 (Reuters) - Investors turn to financial results from artificial intelligence bellwether Nvidia Corp (NVDA.O) in the coming week to steady a U.S. stock market that has been rocked by AI-related worries. Along with Nvidia, Wall Street will focus on other tech-sector quarterly reports. These include key software companies that are under siege from concerns that AI will upend their businesses. Wednesday’s report from semiconductor giant Nvidia, the world’s largest company by market capitalization, comes as the heavyweight tech sector and other megacap stocks are off to shaky starts in 2026, weighing on major indexes they have led higher over the past few years. AI “hyperscalers” have announced plans to ramp up capital spending to build out data centers and other infrastructure, which often utilize Nvidia’s equipment, setting the stage for the company to deliver strong results, said Marta Norton, chief investment strategist at retirement and wealth services provider Empower. “The expectation for outsized results for Nvidia has been a persistent theme over the past few years,” Norton said. “And so it’s hard for Nvidia to surprise when everyone expects it to surprise.” The benchmark S&P 500 (.SPX) was last up a modest 0.2% for the year. But there have been significant gyrations below the surface. Shares in industries such as software, wealth management and real estate services have been hammered on concerns they are vulnerable to AI disruption. NVIDIA FOCUS ON FORECAST, CEO’S COMMENTS Nvidia’s shares soared over 1,500% from late 2022 to the end of last year. This year, its stock was up about 0.8% in 2026 as of Thursday. Others of the “Magnificent Seven” megacap stocks, which have fueled the current bull market, have fared worse this year. Microsoft (MSFT.O) shares are down more than 17% in 2026, while Amazon (AMZN.O) is off 11%. Nvidia’s stock alone can influence major indexes; for example, the stock holds a 7.8% weighting in the S&P 500. For its fiscal fourth quarter, the company is expected to post a 71% rise in earnings per share on revenue of $65.9 billion, according to LSEG. For its coming fiscal year, analysts on average estimate it to earn $7.76 per share, a 66% jump. But the range of estimates among analysts is “significant,” noted Melissa Otto, head of research at S&P Global Visible Alpha. The low end calls for fiscal year EPS of $6.28 against a high-end estimate of $9.68, according to LSEG data. “If the bulls are right, then the stock is looking probably not too expensive,” Otto said. “If the bears are right…it’s not that cheap.” Comments on Nvidia’s quarterly conference call by CEO Jensen Huang could have broader AI industry ramifications, including for hyperscalers whose shares have been pressured by concerns about a lack of returns on capital spending. “Jensen has to come out and show his confidence in his own customers,” said Nick Giorgi, chief equity strategist at Alpine Macro. “The fact that to this point, Nvidia has been a cheerleader for their biggest customers is actually what you should want as an investor in this whole ecosystem.” SOFTWARE REPORTS, STATE OF THE UNION ALSO ON TAP Reports from major software players Salesforce (CRM.N) and Intuit (INTU.O) will be more significant than usual, given the AI fallout in the industry. The S&P 500 software and services index (.SPLRCIS) is down about 20% so far this year. “Next week is going to be pretty important for software,” said King Lip, chief strategist at BakerAvenue Wealth Management. While the selling in the group overall seems “overdone,” Lip said, “I think there are some software names that are … going to have to find a way to adapt and innovate.” AI infrastructure players Dell (DELL.N) and CoreWeave (CRWV.O) also will post earnings in the coming week. Outside of tech, results are due from retailers Home Depot (HD.N) and Lowe’s (LOW.N) as the fourth-quarter earnings season comes to a close. Investors will also evaluate President Donald Trump’s State of the Union speech on Tuesday. While the tech sector has struggled, indexes have been supported by a market rotation into areas such as energy, industrials and consumer staples. “It’s kind of a perplexing market,” Norton said. “Everything that worked in 2025 is now having a hard 2026. And what was left behind in 2025 is working in 2026.” Nvidia’s tepid 2026 stock performance ### Related Stocks - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) - [CRM.US - Salesforce](https://longbridge.com/en/quote/CRM.US.md) - [INTU.US - Intuit](https://longbridge.com/en/quote/INTU.US.md) - [XSD.US - SPDR S&P Semicon](https://longbridge.com/en/quote/XSD.US.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) - [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md) - [XSW.US - SPDR S&P Software](https://longbridge.com/en/quote/XSW.US.md) - [NVDX.US - T-Rex 2X Long NVIDIA Daily Target ETF](https://longbridge.com/en/quote/NVDX.US.md) - [NVDY.US - YieldMax NVDA Option Income Strategy ETF](https://longbridge.com/en/quote/NVDY.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 黃仁勳稱將發佈「令世界驚訝」新晶片「所有技術都已經逼近極限」 | 英偉達執行長黃仁勳在接受《韓國經濟日報》採訪時透露，將於 2026 年 3 月 16 日在聖何塞的 GTC 大會上發布一款「令世界驚訝」的新晶片。他表示，所有技術都已逼近極限，但有信心通過團隊合作克服挑戰。新晶片可能基於 Rubin 架構或 | [Link](https://longbridge.com/en/news/276297645.md) | | 黃仁勳：英偉達將發布幾款前所未有的全新晶片 | 英偉達執行長黃仁勳接受外媒訪問時稱，該企已經為下月的年度 AI 盛會 GTC 2026 準備了幾款前所未有的全新晶片。 他補充，「由於所有技術都已達到極限，所以沒有什麼是容易的」。但強調因擁有一支由英偉達和 SK 海力士的內存工程師組成的團 | [Link](https://longbridge.com/en/news/276419680.md) | | 傳 OpenAI 最新融資有望突破 7800 億，亞馬遜、英偉達等參與投資 | OpenAI 即將完成新一輪融資的第一階段，預計融資額將超過 1,000 億美元，創下紀錄。首輪融資主要來自亞馬遜、軟銀、英偉達和微軟等戰略投資者，預計在本月底前確定投資方案。隨著 OpenAI 計劃進行基礎設施投資，公司整體估值可能超過 | [Link](https://longbridge.com/en/news/276419176.md) | | OpenAI 新一輪融資或突破千億美元 據報亞馬遜、軟銀、英偉達及微軟參與投資 | OpenAI 即將完成新一輪融資，預計籌集超過 1000 億美元，估值可能超過 8500 億美元。主要投資者包括亞馬遜、軟銀、英偉達和微軟。融資將分階段進行，預計在本年度內完成。亞馬遜可能投資高達 500 億美元，軟銀 300 億美元，英偉 | [Link](https://longbridge.com/en/news/276297991.md) | | 傳 AMD 將向雲端運算初創 Crusoe 提供逾 23 億貸款擔保 | 超微半導體 (AMD) 將為雲端運算初創公司 Crusoe 提供 3 億美元的貸款擔保，用於採購及部署 AI 晶片。若 Crusoe 無法獲得客户，AMD 將租回其晶片。Crusoe 正轉型為 AI 基礎設施提供商，專注於 AI 雲端及數據 | [Link](https://longbridge.com/en/news/276420524.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.