This Wednesday's three major earnings reports will determine whether AI trading can continue.

Investing.com – Artificial intelligence trading will face its most significant test of the year this week, as the three major pillar companies in AI infrastructure are set to release their quarterly earnings. As the technology sector shows signs of fatigue, investors are not only expecting “better-than-expected” performance but also hope to see ongoing capital expenditures (capex) driving the successful deployment of next-generation hardware. All eyes are focused on after-market hours on Wednesday and Thursday to confirm whether the AI boom still has room to grow.

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NVIDIA: The Undisputed King of AI Infrastructure

NVIDIA (NVDA) plans to release its fiscal Q4 2026 earnings after the market closes on Wednesday, February 25. As the primary supplier of GPUs powering large language models, NVIDIA remains the ultimate bellwether in this sector. Wall Street expects a “beat and raise” performance, with consensus revenue around $65.6 billion, a 67% year-over-year increase, which is astonishing.

Traders are especially watching the ramp-up of capacity for Blackwell architecture chips. Any comments regarding supply chain bottlenecks or the upcoming Rubin chip roadmap could influence the broader S&P 500 index. Implied volatility indicates the stock could swing in either direction by 6.5%, making NVIDIA’s earnings undoubtedly a “must-watch” event for global markets this week.

Hardware and Cloud Services: CoreWeave and Dell Technologies Take the Spotlight

After market close on Thursday, February 26, attention will shift to the physical “skeleton” of AI. CoreWeave (CRWV), a specialized cloud service provider and an important partner of NVIDIA, will release its earnings amid high market expectations for its massive backlog of revenue orders. Analysts estimate Q4 revenue close to $1.53 billion, but the real focus is on CoreWeave’s backlog of up to $56 billion, a leading indicator of how much compute capacity AI startups and tech giants are actually renting.

Alongside CoreWeave, Dell Technologies (DELL) will also report earnings on Thursday. The company has successfully transformed into a leader in AI-optimized servers. Analysts expect earnings of $3.53 per share and revenue of $31.6 billion. Evercore recently added Dell Technologies to its “Tactical Outperform” list, citing a significant increase in AI server orders, with backlog reaching $18.4 billion at the end of the last quarter. For Dell, the challenge is to expand capacity to meet the “stunning” demand for AI hardware while maintaining gross margins.

Simon Mugo reports

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