Bloomberg Daybreak: Europe Edition Daybreak Weekend: Nvidia Earnings, UK Special Election, Modi Israel Visit
Feb 20, 2026
Rosalind Matheson, Bloomberg Chief Asia Correspondent, previews Modi’s Israel visit and trade and defense priorities. Kunjan Subhani, Senior Semiconductor Analyst, breaks down NVIDIA earnings, AI-driven capex, supply-chain signals and China re-entry implications. Short takes cover trade deals, geopolitical balancing, hyperscaler demand and next-gen chip expectations.
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NVIDIA Expectations And China Upside
- NVIDIA faces very high expectations and could deliver another mid-single beat-and-raise driven by hyperscaler capex increases.
- Resuming H200 shipments to China would add meaningful upside to revenue and backlog visibility.
Meta Deal Raises Full-Year Bar
- Long-term deals like Meta's raise the full-year revenue bar but may not boost next-quarter guidance.
- NVIDIA will likely save major product detail for GTC while offering updates on Rubin evaluations.
Earnings Won't End The AI Debate
- Strong NVIDIA results would likely prolong the AI spending narrative rather than settle debates about circular spending.
- Weakness, not strength, would give critics ammunition that AI spending is overdone.