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Options traders Chris Dattolo, left, and Steven Rodriguez work on the floor of the New York Stock Exchange, Friday, Feb. 20, 2026.
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Nvidia’s latest blowout profit report is getting waved off by Wall Street, and it’s dragging the U.S. market down even though most stocks are rising. The S&P 500 fell 0.6% Thursday. The Dow Jones Industrial Average added 77 points, and the Nasdaq composite fell 1.3%. Nvidia delivered another stellar profit report and gave a forecast for revenue that again topped analysts' expectations. But such blowout performances have become typical for the AI chip company, and its stock fell sharply. Stocks of software companies that had earlier been hurt by worries that AI would make them obsolete rose. Oil prices erased earlier losses to rise.
