Nvidia set the market alight last quarter. Can it repeat the trick?

Analysts expect the chipmaker to post second-quarter profit of $2.09 a share and revenue of about $11.2 billion after the closing bell on Wednesday, according to Refinitiv. What’s happening? Nvidia shares have been on a tear this year as the popularity of artificial intelligence has surged.

“We expect a bullish outlook from Nvidia that should be the fuel in the engine to continue this tech rally into the rest of the year,” wrote Dan Ives, tech analyst at Wedbush Securities, in a note on Monday. But any weakness in Nvidia’s earnings could send its shares and other tech names lower. Nvidia’s quarterly results aren’t the only risk to markets this week.

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