) investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much?
The results could also dictate the direction of the wider market next week, as most of the S&P 500′s gains this year have come from the AI-driven rally in Nvidia and Big Tech stocks. Citi analysts said last week they were only modeling a revenue forecast of around $12 billion, but buy-side expectations have gone up to $14 billion.
Investors will be looking at sales at Nvidia’s data center unit, home to its prized H100 chip used in AI, to see if the valuation can be justified.Analysts said Nvidia is able to meet only half the demand and its H100 chip is selling for double its original price of $20,000, adding the trend could go on for several quarters.
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