Record Results for Nvidia and Dell: AI Revolution Drives Profits Despite Wall Street Skepticism

The latest quarterly reports from technology sector leaders shed new light on the condition of the global digital economy. Nvidia, the undisputed leader in producing graphics processing units essential for training artificial intelligence models, presented data that should theoretically cause euphoria. Revenues of $215 billion and net profit significantly exceeding last year's indicators show that demand for AI infrastructure remains insatiable. The company is building a particularly strong position thanks to new chips from the Vera Rubin series, which are set to cement its market dominance in the coming years. Paradoxically, the company's enthusiastic announcements were met with a cool reception on the New York trading floor. Nvidia's stock fell by 5.5%, which analysts attribute to profit-taking by investors and fears of potential overheating in the sector. The market fears that such a dynamic growth trajectory is unsustainable in the long term, raising questions about a speculative bubble. An additional risk factor are signals of possible chip shortages for gamers, which may last until the end of the year, and the weaker condition of the traditional video game segment, which recorded noticeable sales declines. Since the debut of the GeForce series graphics processors in 1999, Nvidia has evolved from a manufacturer of solutions for gamers to the most important supplier of computing power for modern science and business. In Nvidia's shadow, Dell Technologies also presented excellent results. The company announced a 39-percent jump in sales in the fourth fiscal quarter of 2026, which is a direct result of the boom in servers optimized for deep learning. Dell forecasts that AI server sales could reach a ceiling of $50 billion, making the company one of the main beneficiaries of the current technology cycle. Experts note that while Nvidia remains the symbol of change, Dell's results are a better barometer of the real adoption of AI technology in enterprises worldwide. „Our new Vera Rubin architecture doesn't just increase performance, it fundamentally changes how data is processed in the data centers of the future.” — Jensen Huang The impact of tech giants on broad stock market indices has now become so significant that Nvidia's reports are treated by analysts almost on par with macroeconomic data. This situation, however, creates some tension on Wall Street, where uncertainty ahead of inflation readings and Federal Reserve decisions mixes with technological optimism. Despite record profits, markets remain cautious, closely watching any signal that could herald a slowdown in investment in cloud infrastructure and smart data processing systems.