Seeking Alpha highlighted concerns on February 10, 2026, regarding NVIDIA’s inventory levels. NVIDIA’s inventory reached $19.7 billion in the third quarter of 2025. Competitor AMD shows similar inventory builds.
These levels suggest potential growth pressure and an eroding scarcity premium for AI chips. This trend persists despite high AI capital expenditure from major technology firms.
Cisco entered the AI networking chip market. This move challenges NVIDIA’s dominance in data center infrastructure.
NVIDIA stock remained stable near $190 per share in pre-market sessions. Investors await upcoming U.S. jobs and inflation reports. NVIDIA releases its quarterly earnings report on February 25.