Nvidia Faces Major Earnings Test, Wall Street Expects Q2 Revenue to Exceed $92 Billion

Odaily News: Nvidia will release its second fiscal quarter earnings after the US stock market closes today. According to FactSet data, Wall Street expects the company's quarterly revenue to exceed $92 billion; market consensus cited by Cantor Fitzgerald projects Nvidia's third fiscal quarter revenue to reach $103.7 billion.

With market expectations for Nvidia's performance already at elevated levels, this earnings report is seen as a critical test for the AI trade. CNBC's Jim Cramer stated that Nvidia's earnings have become "a referendum on the entire AI trade." Additionally, investors will closely monitor Nvidia's degree of dependence on hyperscale cloud providers such as Amazon, Google, and Microsoft. Over the past year, Nvidia has exceeded market expectations on multiple revenue metrics, yet its stock price has declined on the trading day following each earnings release. (CNBC)