​​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 stock is down 13% from its record high, as investors continue to digest the recent DeepSeek news out of China. Nvidia will report its latest quarterly financial results on Feb. 26, and I'm expecting it will ease investor concerns.

Evercore analyst Mark Lipacis says the recent weakness in Nvidia (NVDA) is an opportunity to load up on a quality name at a discount. Lipacis attributes ongoing turbulence in NVDA stock to Blackwell delays and concerns that China-based DeepSeek’s recently launched low-cost LLM could hurt the U.