Nvidia Earnings Report Poised to Influence AI Market Sentiment
Nvidia's fiscal third-quarter results, due after the market close, are being treated as a bellwether for the AI sector. The chipmaker is expected to report revenue of $54.9 billion, a 57% year-over-year increase, with adjusted EPS of $1.26. Analysts project Q4 revenue guidance of $62.17 billion and EPS of $1.44.
The stock rebounded in early trading after a five-session decline that mirrored broader tech sector weakness. Market participants anticipate Nvidia's report could either stabilize recent losses or exacerbate the correction. Options pricing suggests an 8% implied MOVE in either direction post-earnings.