After the close of US stock market on February 26, NVIDIA, the global AI chip giant, released its financial report for the fourth quarter of fiscal year 2026, with performance fully exceeding market expectations. Data show that the company’s quarterly revenue reached 68.1 billion US dollars, a sharp year-on-year increase of 73%, and net profit also hit a record high. The revenue of the core data center business accounted for more than 80%, and the demand for AI servers continued to surge.

However, the impressive financial report did not boost the stock price. After the financial report was released, NVIDIA’s stock plummeted more than 5% in after-hours trading, dragging the Nasdaq index down 1.18% on the 27th. Market analysis believes that the core reason for the sharp drop in stock price is that investors are worried about the sustainability of high investment in the AI industry. Although the current demand is strong, the market is worried that the growth rate of enterprise AI capital expenditure may slow down, and the profit margin pressure brought by increased competition in the future.

Affected by this, individual stocks related to the global AI industrial chain generally came under pressure. However, NVIDIA’s management emphasized at the earnings conference that the era of Agentic AI (autonomous agent) has arrived, the enterprise’s computing power investment will grow exponentially, and the company’s long-term growth logic remains unchanged. The market will closely monitor the subsequent capital expenditure plans and order situations of AI enterprises to judge the sustainability of this round of AI upsurge.