Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Hello, today is Wednesday, February 26th, and this is a special Nvidia earnings edition of Wall Street Lunch.

Bulls can breathe again, at least for now. The market beacons were lit, and Nvidia answered.

The AI chip giant posted fiscal-quarter results and offered up guidance that were better than expected,

aided in part by its Blackwell line of GPUs. That was a relief for a stock market where momentum

and tech were suddenly looking vulnerable. Invita earned 89 cents per share on an adjusted basis,

as revenue surged 78.8% year-over-year to come in at $39.33 billion. Analysts were expecting the company to earn

85 cents per share on 38.16 billion in revenue during the quarter. Data center revenue flew

past expectations coming in at 35.6 billion compared to estimates of $34.1 billion.

Adjusted gross margin came in at 73.5% for the quarter in line with estimates, while it generated $15.52 billion in free cash flow.

Looking to the first quarter of fiscal 2026, NVIDIA expects to generate $43 billion in revenue plus or minus 2%.

Analysts were forecasting $42.05 billion in revenue.

The stock, though, was choppy after hours, struggling to find firm direction.

Rob Isbitt's investing group leader for the Sun Garden Yarp portfolio

said the results lacked the positive shock value of some of last

year's reports, though that suggests the stock will trade more on raw demand and supply rather

than on some sort of surprise element. Seeking Alpha Tech editor Chris Siatcha put Nvidia's

numbers in perspective. I think the numbers at first glance are pretty strong, especially

considering you've seen

some concerns about Blackwell demand and some imperfections. I mean, it's staggering to see a

company that's generating 80% year-over-year revenue growth consistently, and in some cases more.

The data center, which is where Nvidia generates the majority of its revenue from,

...