Over 50% of earnings comes from hyperscalers, but all the hyperscalers are developing their own chips. So not only will Nvidia lose half their customers, but also gain competitors. PE ratio of 50 should shrink under 20.
— Thomas Anderson (@OrderAmidChaos) February 25, 2026
$NVDA is now up only 0.6%, compared to 2.5% when the call began.
One reason for the drift: the call is missing the usual "early innings" table pounding message. Jensen is leading with data over his typical bombardment of bullish adjectives.
My take: We’re still in the 2nd…
— Gene Munster (@munster_gene) February 25, 2026
$NVDA Where did ~$14.6B in goodwill come from? pic.twitter.com/xcPbUxUHS2
— Nobody Special (@JG_Nuke) February 25, 2026
NVDA dumping https://t.co/e2k9FPuFMQ pic.twitter.com/jGmcAuagYd
— zerohedge (@zerohedge) February 25, 2026