Nvidia earnings will be major test for AI demand, market rally

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Chavi Mehta

The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned. Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion, according to Refinitiv. Nvidia has only forecast revenue below estimates once in the past two years.

It now trades at nearly 40 times the consensus earnings for the next 12 months, much higher than AMD's 29.

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Nvidia earnings will be major test for AI demand, market rallyA blistering rally in its shares means it has little room for any earnings-related disappointment
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