By Quirino Mealha
Publication Date: 2026-08-26 09:04:00
The most consequential corporate event of the quarter lands tonight.
Nvidia will drop its earnings after the US close at around 22:00 CET, and while the past quarter is expected to be enormous, what will move markets is what CEO Jensen Huang says about the months ahead.
Nvidia’s matters more than most because it makes the chips that power the artificial intelligence boom. If its outlook disappoints, the shockwaves will not stay in Silicon Valley.
The company has become a proxy for the entire AI rally.
The report will land on the back of a difficult run for Nvidia’s stock, having lost ground for seven consecutive sessions, its longest losing streak since 2022. Shares rebounded roughly 3% since Monday ahead of the earnings report but are still down over 6% from last week’s open.
European chipmakers have as much riding on tonight’s guidance as Wall Street.
ASML, the Dutch group whose lithography machines underpin Nvidia’s entire supply chain, has raised its own 2026 sales forecast twice this year on the back of AI demand, and its shares — along with those of Dutch chip-equipment maker BE Semiconductor and German optics group Jenoptik — tend to move in step with Nvidia’s outlook.
For the month of August, Nvidia is still up around 8% and year-to-date performance is solid with the stock increasing over 13% since the yearly open.
Analysts polled by Bloomberg expect adjusted earnings of $2.09…
