Buying NVIDIA ahead of earnings report

When today’s trading session is over, NVIDIA is scheduled to release its financial results for the fourth quarter (Q4) of the 2026 fiscal year. A consensus forecast points to revenue of about $65.5 billion, with annual profit growth of 70% and earnings per share of $1.52.

The data center segment is the company’s key driver, accounting for approximately $58–$59 billion in the previous quarter. Tech giants, such as Microsoft, Google, and Amazon, continue to invest heavily in the development of artificial intelligence (AI) and the infrastructure built on NVIDIA chips and processors. As a result, the firm has a steady pipeline of orders. Total capital expenditures by major technology companies are expected to reach $650–$700 billion in 2026, with most of that money traditionally going to NVIDIA-developed chips and systems.

However, there are still a few headwinds. Growing competition is the key one. Just yesterday, the market saw a significant AMD deal valued at over $100 billion, involving more than 6 GW of capacity for AI workloads. This gesture could be interpreted as an attempt by Microsoft, Google, Amazon, and other big fishes to diversify their suppliers—directly threatening NVIDIA’s dominant position.

The upcoming report isn’t the only item on the agenda. Management’s outlook for the next quarter may draw as much attention as the actual Q4 figures. Investors will also be watching for commentary on sales momentum and new Blackwell deliveries.

From a technical standpoint, prices have recently stumbled upon the important $193.50 level. Favorable earnings data could help breach this resistance and open the door to a move toward $200.

Consider the following trading strategy:

- Buy NVIDIA shares if the $193.50 level is broken and quotes target $200.

- Set a Stop Loss order 1% below the entry price.