Nvidia reports earnings Wednesday with $92B in sales expected. The AI king has beaten forecasts every quarter, but shares sold off each time. Can Jensen Huang's team clear the bar again?
Nvidia reports earnings after the bell Wednesday, and the bar could not be higher. The Street expects second-quarter sales above $92 billion, according to FactSet. Cantor Fitzgerald highlighted consensus third-quarter sales of $103.7 billion in a Saturday report.
The AI darling has beaten expectations across every topline metric over the last year, Bespoke Data shows. Yet shares have been sold off the following trading day each time, a pattern that puts extra weight on Wednesday's print.
One persistent concern among investors: Nvidia's dependence on the hyperscalers. The company now reports earnings in a way that separates Amazon, Google and Microsoft into an AI cloud, industrial and enterprise pack. Investors have voiced worries about this concentrated revenue base.
Nvidia fell 2.9% on Monday, dropping for a seventh straight day, its longest losing streak since 2022. Shares ended Tuesday 2.2% higher.
Nvidia's Alpha Score sits at 70/100, labeled Moderate, with shares at $213.05, up 2.19% today. The stock page is here.
For broader stock market analysis, readers can track how the print filters through the sector.
Oil prices were sharply lower in early trade Wednesday. Iran and Oman are discussing a joint temporary shipping route through the Strait of Hormuz, aiming to increase traffic through the chokepoint. This comes as the U.S. administration forges ahead with its plan to use economic sanctions against Tehran.
President Donald Trump has submitted a proposed agreement with Saudi Arabia to develop civil nuclear energy to Congress. A U.S. official told MS NOW that the accord will only move forward if Saudi Arabia joins the Abraham Accords.
Canada outlined "dollar-for-dollar" retaliatory tariffs on over $20 billion of U.S. goods after trade talks broke down with the Trump administration. The counter-tariffs range from 15% to 50% and target dairy, seafood, appliances, wood, paper products and clothes. The most significant are 50% tariffs on American steel and aluminum, doubling the current rate.
The so-called "debasement trade" has found a second wind after Treasury Secretary Scott Bessent's intervention in the bond market. Assets like crypto and precious metals gain as investors hedge against the weaker dollar and Treasury debt.
Dolly Parton, the country music singer, songwriter and actress whose charisma and heartfelt lyrics captured the public's imagination for nearly six decades, died Tuesday aged 80, her family said in a statement.
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