Nvidia is scheduled to release its second-quarter earnings report on Wednesday, and stakes are high for the leading artificial intelligence name. While the bulls are gearing up for another blowout performance, some analysts have been more cautious.
Anticipation is high as the chipmaker has essentially become a bellwether for the wider AI trade, and negative or positive surprises have the potential to rock the market.
Past quarters have earned Nvidia a reputation for estimate-beating earnings, as the tech industry has embraced its hardware as the bread-and-butter of the AI buildout.
Yet, in recent months, Wall Street has begun to wonder how long the AI hype can last. Nvidia's demand and sales metrics will offer a meaningful clue — any pullback could be a worrying sign for tech-focused investors.
Supply-side concerns have also mounted around Nvidia's much-awaited Blackwell AI chip, given reports that it's been delayed.
Here is what Wall Street is saying ahead of Nvidia's earnings, which will be published after the closing bell.