Nvidia enters one of its most critical weeks, with the 2026 GPU Technology Conference (GTC) set to commence in San Jose. Following an extraordinary fiscal year, the event is poised to offer crucial insights into the chipmaker’s next phase of expansion, with the market eagerly awaiting strategic signals.
Unprecedented Financial Performance Sets the Stage
Nvidia concluded its 2026 fiscal year with exceptional results. Annual revenue surged to $215.9 billion, marking a 65% increase year-over-year. The fourth quarter alone saw revenue of $68.1 billion, a 73% jump from the same period the prior year. Net profit soared even higher, climbing 94% to approximately $43 billion.
This remarkable growth was primarily fueled by the company’s data center segment, which generated $62.3 billion in Q4. More than half of this revenue originated from major hyperscalers, including AWS, Google Cloud, and Microsoft, which continue to accelerate the build-out of their AI infrastructure at a rapid pace.
Strategic Investments and GTC Anticipation
Just ahead of the conference, Nvidia disclosed two significant strategic investments: $2 billion in Neocloud operator Nebius Group and another $2 billion in Coherent, a specialist in optical interconnect technology for AI chips.
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The four-day GTC event, running from March 16 to 19, will be headlined by CEO Jensen Huang’s keynote address. He is expected to provide details on the Vera Rubin platform, Nvidia’s next-generation chip architecture. This platform is reportedly already in production and is slated to become available to partners in the second half of 2026.
On the software front, industry reports suggest a potential unveiling of “NemoClaw,” a planned open-source platform designed for enterprise-grade AI agents. Concurrently, the company is anticipated to introduce a new chip aimed at delivering faster and more cost-effective AI inference—a key area currently viewed as one of the final bottlenecks for the widespread scaling of AI applications.
Forward Guidance and Market Scrutiny
For the first quarter of fiscal year 2027, Nvidia has provided revenue guidance of approximately $78 billion. Notably, this forecast deliberately excludes any contribution from its business in China. The company expects its gross margin to remain stable at around 75%.
A key point of focus for market analysts is the composition of the robust demand. Observers are keen to discern to what extent growth is driven by organic market expansion versus Nvidia’s own strategic capital investments in its customers. Clear messaging from the San Jose conference could provide the catalyst needed to push the company’s shares, currently trading about 12% below their 52-week high, closer toward analysts’ price targets.
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