Goldman thinks Nvidia is going to beat and so does the options market

Nvidia is set to report fiscal third-quarter results after stock market closes Wednesday. Analysts polled by LSEG expect the artificial intelligence darling to post earnings and revenue growth of more than 80% compared to the year-earlier period. Given the chipmaker's massive size — it has a market cap of more than $3.6 trillion, the biggest of any U.S.-listed company — the results will reverberate across the stock market.

Marshall said the Wall Street bank expects Nvidia to beat 3Q Street expectations driven by strong double-digit data center revenue growth, and FY1Q to be the true "break out" quarter when the ramp up in Blackwell chip sales and improved supply-side conditions push analysts to revise earnings estimates higher. Nvidia shares ticked slightly higher in the Wednesday premarket as traders awaited the report.

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