Nvidia (NVDA) Stock Heads Into Earnings With Pressure Building Across AI Trade
TLDR
- Nvidia will report second-quarter earnings on Wednesday after the U.S. market closes.
- Wall Street expects record quarterly revenue near $92 billion and net income above $51.5 billion.
- Nvidia has beaten earnings estimates for 14 consecutive quarters, raising expectations for another strong report.
- Nvidia stock has fallen after each of its last four earnings reports despite the company beating estimates.
- Options traders expect about a 5.3% post-earnings move, above Nvidia’s one-year average of 4.8%.
Nvidia (NVDA) will report second-quarter earnings on Wednesday after the U.S. market closes. Wall Street expects record sales near $92 billion and net income above $51.5 billion. Nvidia stock enters the report under pressure after a recent losing streak.
The results will reach beyond the chipmaker. Investors will watch Nvidia’s outlook for signs about AI spending across chips, cloud services, memory, data centers, and power infrastructure.
Nvidia Stock Faces Rising Wall Street Expectations
Nvidia has beaten earnings estimates for 14 straight quarters. Last quarter, net income rose 210% from a year earlier, beating Wall Street’s 126% growth estimate.
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