​​The February 26 earnings report will be pivotal in confirming whether the bullish thesis holds. Analysts expect Q4 revenue to grow 72% year-over-year to $38.1 billion, along with EPS of $0.79. Nvidia needs to surpass these expectations markedly to reignite any sort of rally.

Nvidia (NVDA) stock was up about 3% in intraday trading Thursday amid optimism about strong demand for its artificial intelligence chips. The stock, up less than 1% so far this year, has had a difficult start to 2025.

Nvidia stock was rising on Thursday. The chip maker has had a volatile start to the year, but signs of big demand for artificial-intelligence infrastructure should support the stock. Nvidia shares were up 3.