New York, March 7, 2026, 2:06 PM EST — Market is closed
Nvidia ended Friday at $177.82, off 3.0%, after higher oil and a disappointing U.S. jobs number spooked growth stock holders. Wall Street stays closed Saturday, leaving investors to weigh whether Nvidia’s slide reflects broader macro jitters, or if expectations around the AI leader remain out of reach. Reuters
The market’s still watching for clarity on AI spending. Over the past two days, Broadcom and Marvell each flagged steady demand for AI chips and networking hardware. But with oil climbing past $90 a barrel, investors are also bracing for a new round of U.S. inflation data. Reuters
Nvidia managed to fuel both sides of the debate late last month. The company projected fiscal first-quarter revenue of $78 billion—topping Wall Street’s estimates—but shares slipped after the earnings release. Investors zeroed in on mounting competition from AMD and the push by major cloud players to develop their own chips, and also didn’t see the bigger shareholder payouts they’d hoped for. Ken Mahoney of Mahoney Asset Management noted the company’s beat-and-raise routine was nothing new; much of the optimism, he said, was “baked in to the cake.” Reuters
Nvidia tossed another detail into the mix late Friday: a fiscal 2027 compensation plan now links executive cash bonuses directly to revenue targets. CEO Jensen Huang stands to collect a $4 million cash bonus if the company hits its marks. Reuters
Peer commentary skewed upbeat. Broadcom CEO Hock Tan put a number on it: the company expects to see over $100 billion in AI chip revenue by 2027. D.A. Davidson’s Gil Luria called that level of foresight a sign of “significant growth” on the horizon. At Marvell, President and COO Chris Koopmans said AI infrastructure investment remains “still growing massively.” Reuters
The competitive landscape is murkier. Broadcom’s current strength has a lot to do with its push into ASICs—those application-specific integrated circuits—which are tailor-made for single tasks and in some cases step in for Nvidia’s pricier graphics chips. On Friday, selling pressure hit across the sector: AMD dipped 3.5%, U.S.-listed TSMC shares slid 4.2%. Marvell, on the other hand, jumped 18.3% after its outlook. Reuters
Still, risks linger. Bloomberg News said Friday that Oracle and OpenAI have scrapped plans to grow their major Texas AI data center, with expansion talks stalling over financing and shifting requirements. Yet, according to a Reuters source, that lost capacity is expected to be picked up elsewhere. Even with robust infrastructure growth, projects miss or get shuffled, and the dollars follow. Reuters
The next data points are just ahead. TSMC posts its February sales numbers March 10—another look at chip demand. On March 11, U.S. CPI figures arrive, bringing the next inflation check. Nvidia’s GTC gets underway March 16 in San Jose; Huang has promised updates there on the company’s CPU efforts. For the stock, watch March 11 for the macro pulse. March 16 then brings Nvidia’s turn in the spotlight. investor.tsmc.com
