Overview

• Wall Street is bracing for an outsize market reaction given Nvidia’s nearly 8% S&P 500 weighting and its role as the AI trade’s bellwether.
• Consensus forecasts call for about $45.9 billion in quarterly revenue and roughly 48% EPS growth, putting guidance under the brightest spotlight.
• Analysts have raced to lift price targets, pushing the average near $194, even as megacap tech shares have wavered ahead of the release.
• Fresh China uncertainty hangs over the outlook after reports of regulators discouraging purchases and a pause in production of the H20 chip for that market, with some analysts warning true exposure may be larger than disclosed.
• Policy watch points include reports of a U.S. revenue‑sharing arrangement on certain China chip sales, while robust hyperscaler capex signals strong demand that could be tested if Nvidia’s guidance cools.