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Nvidia (NVDA) week is here.
The chip giant that has become the poster child for the AI boom that kicked off in late 2022 will report first quarter earnings after the close on Wednesday, May 28, the last of the so-called "Magnificent Seven" stocks to report results.
Nvidia's report will serve as a coda on what has so far been a stronger-than-expected earnings season for corporates, who remain highly sensitive to tariff developments but drove profit growth in the year's first three months at a faster rate than analysts had forecast.
Nvidia, which sports a market capitalization north of $3 trillion and has at various points in the last year been the world's largest company, is more important to the artificial intelligence ecosystem than simply what their numbers will show this week.
The company's results have been powered by chip investments from some of its Big Tech peers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META).
And Nvidia's central role in the AI boom catalyzed by ChatGPT's launch in November 2022 has seen billions flow into a startup ecosystem that had fallen stagnant after a pandemic-fueled boom.
As we run up to and through Nvidia's crucial report, Yahoo Finance will keep tabs on all the ways Nvidia's results have influenced markets and could shape the conversation in the months ahead.
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Nvidia China revenue set to cross $6 billion in Q1
China continues to be a major source of revenue for Nvidia, as Yahoo Finance's Laura Bratton reports the chipmaker made more than $6 billion from the country in Q1:
Nvidia's bear case: Is the hype train running out of tracks?
Wall Street is overwhelmingly bullish on Nvidia (NVDA) stock, with 87% of analysts holding a Buy rating on the stock.
But as Yahoo Finance's Brian Sozzi and Brooke Sweeney point out, there are still a few expecting disappointment when the AI chipmaker reports earnings on Wednesday.
The bear case:
Why Nvidia’s rise could signal bad news for climate goals
The artificial intelligence gold rush could come at a steep cost for the environment, Yahoo Finance's Brian Sozzi and Brooke Sweeney report:
Buying Nvidia before earnings pays, 10 years of data shows
Here's another stat on Nvidia's stock performance around earnings, courtesy of Yahoo Finance's Laura Bratton:
How Nvidia stock has historically moved after earnings
Nvidia has driven a large part of the S&P 500's gains
Big Tech's spending drove Nvidia's rise
There's $7 trillion in dry powder waiting for Nvidia's earnings report
Nvidia's earnings on Wednesday will be the market's biggest event this week.
And new data highlighted by Bloomberg on Tuesday suggests there could be trillions of dollars ready for deployment once these results clear.
Strategists at BBVA cited by Bloomberg see institutional investors as having exposure to US stocks that is "far from exuberance levels," meaning the $7 trillion currently parked in money market funds could come flowing back into stocks depending on these earnings break.
Throughout 2025, numerous headwinds have faced US stocks from an allocation standpoint, with the "Sell America" trade, tariff uncertainty, and rising interest rates offering all sorts of competition to US equities after two years in which Big Tech made US stocks the most important game in town for investors.
The idea, we'd note, is not that this cash will pile into Nvidia stock itself — or even Big Tech, necessarily — but that enthusiasm for US stocks which has waned considerably in recent months could be restored if twin tailwinds of a more positive trade backdrop and a return to the buoyant AI story powered by Nvidia return in force this week.
What to expect from Nvidia's Q1 results
Yahoo Finance Tech Editor Dan Howley breaks down the key metrics to watch when Nvidia reports Q1 results on Wednesday after the bell:
