NVIDIA REPORTS QUARTERLY EARNINGS AFTER THE CLOSE WITH ANALYSTS FORECASTING RECORD $79 BILLION IN REVENUE

Nvidia is scheduled to report its fiscal first-quarter 2027 earnings after the market close on Wednesday, with Wall Street analysts forecasting revenue of $79.2 billion — a 79.5 percent increase over the same period last year — and earnings per share of $1.78, up 120 percent year-over-year, according to Kiplinger. The report is one of the most closely watched earnings events of the year, as investors seek confirmation that AI-driven demand for the company's chips remains on track.

Nvidia shares have surged roughly 20 percent over the past month, raising speculation about whether the company's market capitalization could cross $6 trillion following the report, according to The Motley Fool. Options markets are pricing in an implied move of 10 percent or more around the earnings event. The stock has historically posted same-day swings of 5 to 10 percent following quarterly results, and the company has beaten Wall Street consensus estimates in 21 of its last 23 quarters.

Analysts say the key figures to watch will be gross margin, the guidance for second-quarter revenue, and commentary on Nvidia's China business, which has been constrained by U.S. export controls on advanced chips. A strong beat on those metrics could push the stock toward new records; a weak outlook or cautious China commentary would likely trigger a sharp selloff. The broader bond and equity markets are also in focus Wednesday, with U.S. 10-year Treasury yields hovering at 4.62 percent and Japan's 30-year yield at its highest level since 1999.

Despite Nvidia's strong earnings track record, market observers caution that with a near-certain beat already priced into the stock, the company may need to deliver a significant upside surprise to drive meaningful gains, according to analysis from 24/7 Wall St. Gold meanwhile traded at $4,550 an ounce on Wednesday, while global oil prices climbed toward $107 a barrel as ongoing disruptions in the Strait of Hormuz kept energy markets on edge ahead of the Nvidia report.