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But signs of risk to Nvidia's long-held dominance are also emerging ‌from hyperscalers' plans to design their own cheaper AI chips.After powering much of the U.S. stock market rally for the past three years, Nvidia's stock has risen ‌just about 2% so far in 2026.Along with Advanced Micro Devices, which is set to unveil a new flagship AI server later this year, Alphabet's Google has emerged as a top rival with a deal to provide Claude chatbot ​creator Anthropic with its in-house chips called TPUs. Google is also in talks to supply Meta - a large Nvidia customer, according to media reports.To defend its position, Nvidia struck a deal, reportedly worth $20 billion, last year to license chip technology from Groq - a move that analysts say would boost its position in the booming market for inference, the process by which a trained AI model answer questions in real time. Nvidia last week also agreed to sell millions of chips to Meta, though it did not disclose the value of the deal.But Nvidia, the biggest winner of the ‌AI boom, has itself stoked doubts about whether the spending is ⁠sustainable by drawing out the process of a potential $100 billion investment in OpenAI, one of its biggest customers. A recent media report said it plans to replace that commitment with a smaller $30 billion investment."This earnings in particular is important because people are so concerned about AI spending - whether ⁠we're in a bubble," said Ivana Delevska, chief investment officer of Spear Invest, which holds the company's shares in an exchange-traded fund. "Showing that earnings are not really decelerating will be pretty important."Wall Street expects Nvidia to report that profit in the quarter ended January surged more than 62%, according to data compiled by LSEG, a slowdown from 65.3% growth in the previous quarter as it faces tougher comparisons ​with ​its previous earnings.Revenue likely jumped more than 68% to $66.16 billion. Analysts expect Nvidia to forecast that first ​quarter revenue will grow another 64.4% to $72.46 billion. The company has surpassed ‌sales expectations for the past 13 quarters, though that delta has shrunk.RBC analysts expect the company to forecast April quarter revenue at least 3% above estimates. Spear Invest's Delevska, an Nvidia bull, sees the company forecasting sales as much as $10 billion above estimates, expecting it to surpass market estimates by more than 13%.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,863.75 +12.25 (+0.18%)Dow Futures48,906.00 +57.00 (+0.12%)Nasdaq Futures24,832.25 +69.50 (+0.28%)Russell 2000 Futures2,630.80 +4.50 (+0.17%)VIX21.09 +0.08 (+0.38%)Gold5,191.90 -33.70 (-0.64%)Trending tickersBTC-USD Bitcoin USD 63,284.83 -3,039.70 (-4.58%)IBM International Business Machines Corporation 223.35 -33.81 (-13.15%)UBER Uber Technologies, Inc. 70.72 -3.14 (-4.25%)HIMS Hims & Hers Health, Inc. 15.51 -0.12 (-0.77%)V Visa Inc. 306.52 -14.43 (-4.50%)PortfolioSign in to access your portfolioSign inTop gainersACLX Arcellx, Inc. 113.75 +49.64 (+77.43%)IBRX ImmunityBio, Inc. 9.83 +1.13 (+12.99%)VRE Veris Residential, Inc. 18.81 +2.04 (+12.16%)VKTX Viking Therapeutics, Inc. 34.46 +3.43 (+11.05%)USAR USA Rare Earth, Inc. 18.79 +1.56 (+9.05%)Top losersNVO Novo Nordisk A/S 39.63 -7.79 (-16.43%)BLLN BillionToOne, Inc. 72.10 -13.32 (-15.59%)IBM International Business Machines Corporation 223.35 -33.81 (-13.15%)RNG RingCentral, Inc. 34.58 -4.92 (-12.46%)STEP StepStone Group Inc. 43.94 -6.13 (-12.24%)Most activeNVDA NVIDIA Corporation 191.55 +1.73 (+0.91%)NVO Novo Nordisk A/S 39.63 -7.79 (-16.43%)IBRX ImmunityBio, Inc. 9.83 +1.13 (+12.99%)SOFI SoFi Technologies, Inc. 18.22 -0.80 (-4.21%)PYPL PayPal Holdings, Inc. 44.05 +2.40 (+5.76%)Top economic eventsEarnings eventsMy earnings eventsEarnings events