Overview
- Nvidia will report fiscal second-quarter results after the U.S. market close on Wednesday, Aug. 26, and Wall Street expects roughly $92 billion in revenue and about $2.09 in adjusted EPS.
- Traders have been trimming semiconductor positions this week, driving broad weakness in chip names as investors fear even a strong Nvidia print could trigger a sell-on-the-news reaction.
- Reports that server makers told major customers prices for systems using Nvidia’s AI chips could rise more than 15% have added strain to AI spending plans by hyperscalers and raised concerns about margins.
- Macro shocks are amplifying risk: long-term U.S. Treasury yields have climbed to multiyear highs, the U.S. has imposed new tariffs on Canadian goods with Canada promising retaliation, and the Treasury plans tougher sanctions on Iran.
- Beyond the quarter, Nvidia’s outlook matters because a small group of hyperscalers still drives a large share of sales and the company is pursuing a $500 billion GPU financing plan that could reshape how customers fund AI infrastructure.