Nvidia Earnings Preview: All You Need To Know About The "Pseudo Macro Event For Financial Markets"

Today's Nvidia’s results after the close offer the grand finale to a surprisingly strong earnings season for Big Tech. But with expectations sky high, and virtually everyone already in the name, Catalyst Funds warns that Nvidia will need to top profit and sales estimates by at least 15% to avoid a selloff.

AI bellwether Nvidia, which memorably dubbed "the world’s most important stock" by Goldman during the last earnings season, is due to report its latest results after market close. Its results, which Bloomberg’s John Authers says have an unhealthy hold over the market, are projected to show a 243% gain in revenue, according to Wall Street estimates, but as Bloomberg notes, a 90% year-to-date share rally means it could struggle to match sky-high expectations.

First, looking at consensus estimates, here is what Wall Street expects the company to report with options pricing in an 8% swing in the stock after hours: