Nvidia Quarterly Earnings Report

Investing.com — Nvidia (NASDAQ:NVDA) is set to report its latest quarterly earnings on Wednesday, November 20. This week, Investing.com is conducting a poll to gauge investor sentiment regarding the event and its immediate implications.

As of 10:20 am ET on Tuesday, Nvidia shares were trading approximately 1.7% higher, following a recent pullback.

Analysts at Barclays (LON:BARC) stated that this earnings release will be "the most important catalyst left for the remainder of the year," surpassing factors like NFP, CPI, and FOMC.

Investor Sentiment

Investing.com is particularly interested in whether investors will choose to "buy the news" or "sell the news" after the earnings report.

Expectations from Wedbush

Wedbush remains bullish ahead of the earnings release, anticipating another "drop the mic" report, which they describe as the foundation for the AI revolution. They predict that with Nvidia's $1 trillion+ in AI capital expenditures coming over the next few years, GPUs from the company are becoming as essential as oil and gold in today's market.

The Wedbush report notes that bulls will look for enterprise demand in AI to drive market growth towards the end of the year and into 2025. They estimate that Nvidia could post a $2 billion beat with a similarly high guidance for the next quarter, which they believe is crucial for market success.

Additionally, they assert that for every $1 spent on an Nvidia GPU, there is an $8 to $10 multiplier effect across the tech sector. This reinforces their bullish outlook on tech stocks for 2025.