Retail traders are bullish on Nvidia ahead of earnings, while others not so much

Nvidia is set to report fiscal second-quarter results after the bell Wednesday. The company's earnings and revenue are forecast to have more than doubled from the year-earlier period, LSEG data shows. It's also forecast to issue strong fiscal third-quarter guidance. Despite these lofty expectations, small investors feel good about Nvidia heading into the report.

mountain NVDA year to date Bigger investors, however, have been doing the opposite. Goldman Sachs pointed out recently that both mutual and hedge funds are on average the most underweight they've been on tech in the past decade . This, according to the bank, was driven by selling in megacap tech names such as Apple and Nvidia. Bottom line: this report could send ripples through the market — impacting both retail and more sophisticated investors.

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