​​The February 26 earnings report will be pivotal in confirming whether the bullish thesis holds. Analysts expect Q4 revenue to grow 72% year-over-year to $38.1 billion, along with EPS of $0.79. Nvidia needs to surpass these expectations markedly to reignite any sort of rally.

Nvidia’s data-center sales could disappoint in the first half of the year but that's not a reason to sell the stock, according to Mizuho analysts.