AI Chip Giant Nvidia Is Set to Report Earnings—What Investors Need to Know

AI chip leader Nvidia is set to report earnings after the closing bell Wednesday, in what could be a defining moment for markets.

Widely seen as a bellwether for the AI trade, the chipmaker’s results stand to influence sentiment around a wide range of stocks exposed to the industry.

Many, along with Nvidia (NVDA), have been pressured lately amid broader uncertainty about the impact AI could have on everything from individual jobs to broader markets and the economy. Nvidia shares, which were up 2% in recent trading, are up about 5% year-to-date after lingering in negative territory for much of 2026 so far.

With no signs of slowing spending on AI hardware by many of Nvidia’s Big Tech clients, several Wall Street analysts are forecasting another record quarter from the chipmaker. However, climbing expectations heading into the report could also make it more difficult for Nvidia to impress, they warned.

Nvidia is projected to report adjusted earnings per share of $1.53 on a 68% year-over-year jump in revenue to a record $66.2 billion for the quarter, according to estimates collected by Visible Alpha.

Though they’ve been held back in recent weeks, Nvidia shares have still added nearly half their value over the past 12 months.

This article has been updated since it was first published to reflect more recent analyst estimates.