Overview
- Nvidia reported fiscal Q4 FY26 revenue up about 73% year over year with an EPS beat and guided Q1 FY27 revenue growth of roughly 77%, with non-GAAP gross margin expected near 75%.
- Despite the strong report and outlook, shares fell after earnings as investors balked at rich multiples and sought clearer near-term visibility.
- Broader risk signals intensified, with the Shiller CAPE ratio hovering just below 40 and strategist Ed Yardeni lifting his market meltdown odds to 35% as oil prices spiked.
- The Iran war pushed crude higher, with Brent around $110 and heightened concerns over supply through the Strait of Hormuz contributing to equity volatility.
- WSJ reported Nvidia is investing about $2 billion with Lumentum and Coherent to secure advanced optics capacity through purchase commitments and access rights, while analysts also flagged China revenue variability and export-control risk.