Nvidia Earnings Report Set to Spark Big Move in AI Chip Leader

Nvidia's earnings report is set to be released on Wednesday afternoon, and traders are anticipating a big move in the stock. According to options pricing, Nvidia shares could swing up to 6% by the end of the week following the results.

Analysts expect strong sales and profits for the AI chip leader, with revenue projected at $92.16 billion and adjusted earnings of $2.09 per share, both roughly doubling year-over-year. The data center segment is expected to drive much of this growth, with revenue up 108% from a year ago.

Nvidia shares have climbed 16% since the start of the year but are still down 8% from their May highs after a broader pullback in the AI trade. Despite this, analysts remain bullish on the stock, with all but one of the 13 tracked by Visible Alpha recommending buying.