Overview

• Nvidia reports on Aug. 27 in what investors view as a pivotal read on AI demand and capital spending across major tech customers.
• LSEG consensus points to roughly $45.9–$46 billion in revenue and about 48% earnings-per-share growth for the quarter.
• Wall Street raised price targets ahead of the release, lifting the average near $194 and highlighting elevated expectations.
• China uncertainty has intensified after reports that regulators discouraged purchases and that Nvidia asked suppliers to pause H20 chip production for that market.
• With Nvidia near 8% of the S&P 500 and tech stocks wavering, a miss or cautious outlook could pressure indexes, while strong guidance could re-energize the AI trade.