Nvidia Earnings Test the AI Bull MarketNvidia reports Q2 results today, with Wall Street expecting roughly $92 billion in revenue, almost double last year. Last quarter, revenue was $81.6 billion and Data Center revenue rose 92% year over year.
The report will test whether the hundreds of billions spent on AI infrastructure are translating into demand. The market will focus on revenue, margins, Rubin demand, China sales, and especially guidance. Nvidia is also one of the largest weights in the S&P 500.
NVDA is approaching the $195-$200 support zone, with larger bull-market support around $165-$170. A strong report and a hold of support would keep the AI trade intact. A major breakdown could hit semiconductors and other AI-heavy stocks.
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