Overview
- Nvidia reports fiscal third‑quarter results after the close Wednesday, with Wall Street expecting about $54.8–$55.0 billion in revenue and roughly $1.25 in adjusted EPS.
- Options pricing implies a move of around 7% in either direction following the print, which Reuters says would translate into the company’s largest one‑day market‑value change after earnings.
- Global equities traded cautiously into the release and AI leaders have pulled back, with Nvidia down more than 10% this month after a run that briefly lifted its valuation above $5 trillion.
- High‑profile investors have reduced exposure, with Peter Thiel’s fund and SoftBank exiting Nvidia positions and Michael Burry disclosing sizable bearish options against Nvidia and Palantir.
- Debate over AI’s sustainability has intensified, as Alphabet’s Sundar Pichai warns of investment “irrationality” and analysts highlight a potential funding gap for massive capex plans.