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AI Trade Splits: Nvidia’s Record Quarter Faces Pressure as Salesforce’s Outlook Draws Skepticism

Analyst commentary casts Nvidia as the AI benchmark, with Salesforce facing renewed skepticism.

Overview

  • Nvidia reported $68.1 billion in fiscal Q4 revenue, up 73% year over year, and guided $78 billion for fiscal Q1 as shares fell about 5.5% after the release.
  • Nvidia said its outlook assumes no data‑center compute revenue from China, underscoring geopolitical sensitivity in forward estimates.
  • Wedbush’s Dan Ives reiterated a bullish view on Nvidia’s multi‑year dominance, and market strategists cited hyperscaler capex near $650 billion in 2026 as a demand engine.
  • Salesforce beat top‑ and bottom‑line estimates but offered slightly lighter full‑year guidance, unveiled a $50 billion buyback, and pointed to rapid Agentforce adoption including $800 million in ARR.
  • Baird, BMO Capital, and Piper Sandler cut Salesforce price targets as investors questioned SaaS growth resilience and traditional seat‑based pricing under AI disruption.