Hefty promises have bolstered NVIDIA’s share prices to historic highs over the past year and a half and today’s earnings call is no different, as investors brace for a substantial post-earnings movement towards new highs, expecting that the AI chip manufacturer was and will be flooded with orders from top tech customers.
Analysts expect Nvidia to post adjusted earnings of $1.01 a share on revenue of $46 billion. Investors will be looking for progress on AI server racks shipments following manufacturing obstacles, as well as how Nvidia’s business in China has been faring amid U.S.-China tensions that have led to restrictions of its most advanced semiconductors
Concerns nevertheless, hover around in the background, as to how would Trump’s tariff policies will impact sales and revenue growth stemming from China, which has been a theme that heightened volatility around NVDIA’s stock price in recent weeks. The chipmaker has a complex relationship with China involving negotiated deals and regulatory hurdles, causing swings in investor sentiment, but recently the Trump administration has granted sales permissions of the H2O chips to China that somewhat soothed the situation.
S&P 500 is trending dangerously close to record highs ahead of Nvidia’s earnings, and should the semiconductor juggernaut topple estimates, it will most likely lift the index into uncharted territory bolstered by ferocious interest from optimistic market participants.
Technical Analysis
NVDA Chart – Fresh record high in sights of traders ahead of the semiconductor giant’s earnings results
Resistance: 184.50 (R1), 195.00 (R2), 205.00 (R3)
Support: 172.00 (S1), 164.00 (S2), 153.00 (S3)