Nvidia Earnings: Can it continue to ride the AI wave？

Nvidia is set to release its earnings report on Wednesday night, with expectations sky-high. Analysts predict a 141% year-over-year surge in earnings and a 113% increase in sales, reaching $28.73 billion. This would mark the fifth consecutive quarter of triple-digit gains for the AI chip giant.

Wedbush analyst Dan Ives has called this the most important event for the tech sector in years.

However, there’s a wildcard in the mix. Hans Mosesmann from Rosenblatt Securities suggests that while Nvidia may deliver another impressive beat-and-raise report, a critical factor to watch is whether Nvidia has enough of its current-generation Hopper AI processors to meet the soaring demand.

Additionally, all eyes will be on any updates regarding delays to Nvidia's next-gen Blackwell processors and whether customers are holding off purchases in anticipation of these new chips.

Nvidia has been on an incredible run, and the market is clearly expecting another blockbuster report. However, the shortage of Hopper processors could be a significant issue, especially if delays in the next-gen Blackwell processors are confirmed.

It will be interesting to see if Nvidia can continue to ride the AI wave.