Nvidia capped 2025 with a remarkable surge in demand for its GPUs, driving its stock up more than 35% over the year. The company is set to report fiscal-year revenue growth exceeding 63% when its 2026 financial year closes in late January, with quarterly sales expected to top $65 billion. This surge has been fueled by hyperscalers and AI model developers requiring ever-greater data-center capacity. Analysts project that Nvidia will sustain double-digit revenue growth in 2026 as its Blackwell Ultra GPU lineup becomes the foundational compute solution for next-generation reasoning models from leading AI firms.

In December 2025, Nvidia announced its largest deal ever: a $20 billion all-cash acquisition of AI inferencing specialist Groq. Groq’s low-latency processors, already used in real-time workloads, will be integrated into Nvidia’s AI Factory architecture, enhancing performance for inferencing tasks valued at $103 billion today and projected to swell to $255 billion by 2032. With over $60 billion in cash reserves, Nvidia not only neutralizes a fast-growing competitor but also cements its position ahead of a market shift from training-heavy GPUs to inference-optimized hardware.

Investors are eyeing Nvidia’s Q4 and full-year 2026 results on Feb. 25, 2026, as a key catalyst. The company has delivered 11 consecutive quarters of revenue growth, most recently reporting $57 billion in Q3 sales—a 62% year-over-year increase. Nvidia enters the quarter with a record $500 billion order backlog extending through the end of 2026, and the recent U.S. approval to ship H200 GPUs to China opens access to one of the world’s largest AI markets. These factors point to another potential beat in February and further upside for Nvidia’s top-line momentum.