Closing Bell Closing Bell Overtime: NVIDIA Slips but Software Bounces 2/26/26
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Feb 26, 2026 Daniel Flax, senior research analyst at Neuberger Berman who covers NVIDIA and AI demand dynamics, joins to weigh NVIDIA’s pullback and its implications for the AI trade. He discusses whether NVIDIA’s growth is peaking and the risks around CoreWeave’s margins and hyperscaler exposure. The conversation also touches on the surprising software rebound and how earnings and sector rotation are shaping market sentiment.
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Dell's AI Server Backlog Drives Big Guide Upside
- Dell beat and reported $34 billion of AI server orders in Q4 and guided AI server revenue ~ $50 billion for the year.
- Management raised dividend and $10 billion buyback, driving a ~7% stock gain.
FanDuel Investment Cited For Flutter Weakness
- Flutter missed across metrics and lowered guidance after investing $300 million behind a FanDuel product.
- CEO Peter Jackson said softer Q4 and product investment drove the hit but expects sequential sports improvement.
Zscaler Growth Is Strong But Deal Details Matter
- Zscaler beat EPS and ARR grew 25% with mixed guidance; the market wants clarity on the recent Square X acquisition.
- Shares fell ~6% as investors sought deal details and inorganic growth plans.