Live coverage: Market on edge as Nvidia prepares to reveal earnings

Nvidia, the world’s dominant $3 trillion maker of AI chips, reports its second-quarter results after the market close on Wednesday — and almost everyone will be paying attention. Options traders are betting that Nvidia stock could swing as much as 10 percent either way on the results, and with Nvidia accounting for 6.7 percent of the S&P 500, the company’s results are likely to spill over into the market.

Analysts expect the chipmaker to generate revenue of $28.9 billion in the second quarter, according to Bloomberg, roughly double the revenue the company reported this time last year, with earnings per share of 65 cents.

Comments from Nvidia CEO and founder Jensen Huang on the state of the AI ​​market, demand for AI chips and progress in bringing the company’s next-generation Blackwell chip to market will be just as important.

wealth will cover Nvidia’s results live as they pass the wire. So refresh this page once the market closes today for all the latest.

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