Nvidia Earnings: AI Trade’s Make-or-Break Moment Arrives
Nvidia stands at an inflection point as Wednesday's earnings report looms. The chipmaker's $5 trillion market cap flirtation last month now faces reality testing, with shares retreating 12% from peak levels. Analysts project $54.8 billion revenue—a 56% annual leap—while options markets price in a historic $300-320 billion valuation swing.
Morgan Stanley's upgraded forecasts ($55B Q3, $63.1B Q4) position Blackwell as the undisputed AI accelerator. Yet high-profile exits whisper caution: Peter Thiel's fund liquidated its $100 million position, while SoftBank dumped $5.8 billion worth of shares. The stock's 10.5% November decline reflects mounting tension between AI's promise and bubble fears.
Today's close will reveal whether Nvidia remains the semiconductor sovereign or becomes another overbought casualty. With implied volatility suggesting the largest earnings move in company history, traders brace for impact.
