By Douglas A. McIntyre
Publication Date: 2026-05-20 12:45:00
Quick Read
AI Market Is Too Uneven To Predict
Quarterly Earnings Don’t Say Enough About The Future
Winners And Losers Keep Changing Places
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE.
Currently, option traders are betting that Nvidia’s (NASDAQ: NVDA) market cap could rise or fall by $355 billion based on earnings. Nvidia’s current market cap is $5.3 trillion. The stock is up 18% so far this year, compared to the S&P 500, which is up 7%.
Nvidia has signaled to Wall St. what investors should expect from earnings. It has forecast the figure for the quarter to be announced today at $78 billion, plus or minus 2%. And it said investors should assume that revenue from China will not be included in the calculation.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE.
Investors may also use the revenue from the previous quarter as a guide. It rose 73% year over year to $68.1 billion.
Investors should not read too much into Nvidia’s new numbers. The AI industry is in a state of flux that Nvidia cannot control. Delays in data center construction are beyond its control. The pace of success of products from companies such as OpenAI and Microsoft (NASDAQ: MSFT) can’t be calculated. All of this is to say, Nvidia could have a slow quarter that immediately picks up for the rest of the year. It would have a home run…
