The third very specific reason Nvidia stock can underwhelm after reporting its fiscal 2025 operating results on Feb. 26 is historic precedent. History has a flawless track record when it comes to next-big-thing innovations, and that's bad news for the face of the artificial intelligence movement.

When a stock price moves, so does the value of the company. In the case of Nvidia, the company's cratering share price has resulted in as much as $600 billion of lost market capitalization. On the surface, this looks horrific. However, as it often is the case with investments driven by overwhelming emotions, there's more than meets the eye.

An Evercore analyst expects an upbeat earnings report later this month and runs down why DeepSeek fears seem overdone.