Breakfast News: Nvidia Headlines Big Earnings Week

Breakfast News: Nvidia Headlines Big Earnings Week

February 23, 2026

Source: Image created by Jester AI.

1. Nvidia: New PC Chips, Earnings on Deck

Nvidia (NVDA 1.08%) is set to reenter the consumer PC market, The Wall Street Journal reports, with new system-on-a-chip devices. Combining CPU and GPU – already the standard for mobile devices – they’re expected to appear in products from Dell (DELL +0.15%), Lenovo and others this year, and should provide extended battery life. “Low power but very powerful” is how CEO Jensen Huang described the new chips.

• Diversification beyond data centers: Analysts don’t expect Nvidia’s two major partnerships – with Taiwan’s MediaTek, and with Intel (INTC +0.86%) – to provide high early revenue, but instead to provide a longer-term additional revenue stream.
• $187 billion revenue in 2025: Nvidia is due to post fourth-quarter results Wednesday, with eyes on the previously reported $500 billion in orders for Blackwell and Rubin chips lined up for the 2026 year.

2. Rule Breakers Earnings You Won’t Want to Miss

• MercadoLibre (MELI 1.43%) – beating the S&P 500 by 19% since being recommended in RB in 2022 – is set to post results Tuesday, after the Foundational Stock posted record quarterly revenue through 2025. The 'Amazon (AMZN 1.23%) of Latin America’ is aiming to be the largest digital bank in the region, with its credit portfolio up 83% year over year (YoY) in Q3.
• The Trade Desk (TTD +1.72%) reports Q4 Wednesday – for its first earnings update since the AI-led software sell-off – after beating Q3 revenue and earnings guidance. AI products and international expansion are among priorities for 2026.
• Salesforce (CRM 3.00%) will also announce final-quarter results Wednesday, after seeing non-GAAP earnings per share jump 35% in Q3. Management expects $41.45 billion to $41.55 billion revenue for the full year, with operating cash flow up 13% to 14%.

3. The Pick of the Week’s Hidden Gems Results

• Zscaler (ZS +1.02%) beat top- and bottom-line expectations in its first quarter of fiscal 2026, with double-digit growth in revenue and earnings, though TMF chief investment officer Andy Cross recently noted Palo Alto’s lukewarm Q2 hit “other cyber companies like CrowdStrike (CRWD +0.22%) (-10%) and Zscaler (-15%) over fears of incentives and more competition.” Q2 results are due Thursday.
• Snowflake (SNOW +0.92%) brings us a Q4 update Wednesday. The cloud data platform delivered a 75% jump in YoY non-GAAP earnings in Q3, though guidance suggested slower product revenue as large customer growth softened.
• Synopsys (SNPS 1.46%) recorded record quarterly revenue in Q4 – up 38% YoY – though non-GAAP earnings dropped 15% from the previous year’s final quarter. Guidance indicated revenue of around $9.6 billion in fiscal 2026, with Q1 results due Wednesday.

4. Tariff Turmoil Hits Futures, Crypto

The S&P 500 gained 1.1% in last week’s shortened trading, with the Nasdaq putting on 1.5%. But futures in both indices fell back in early trading this morning – by around 0.2% and 0.3% respectively – after the Supreme Court last week struck tariffs imposed under the International Emergency Economic Powers Act by President Trump.

• “Clear and all-inclusive ceiling previously agreed”: After the President responded by announcing a new temporary baseline tariff of 10%, then upped it to 15%, the EU said it won’t accept any rises from the trade deal reached last year.
• Bitcoin falls below $65,000: Bitcoin (BTC +1.85%) fell as low as $64,300 Monday morning for a dip of 4.8% – its lowest since Feb. 6 – with crypto markets rocked by the new tariff uncertainty. Ether (ETH +2.26%) dipped over 5% at one point.

5. Your Take

If your portfolio comprised just Nvidia, MercadoLibre, and The Trade Desk, and you bought each of them at the start of the year with the same amount of money, and had to buy more shares in one, completely close your position in another, and hold the final stock, what are you choosing to do and why?

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