Nvidia (NVDA) is set to unveil its highly anticipated earnings report after the closing bell on Wednesday. All eyes are on the chipmaking giant, which is projected to report a staggering 242% surge in revenue. Investors have eagerly awaited this moment, hoping Nvidia's results will launch a broader market rally.

Yahoo Finance's Josh Lipton breaks down the details, providing insights into investor sentiment around Nvidia's stock and how it may impact markets.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith

Video Transcript

I darling and video.

Wall Street's got very high expectations for the chip Giants report after the close, expecting profits to rise more than 400% from a year ago.

A senior portfolio manager at Catalyst Funds saying that the company would have to top estimates by 15% to avoid a sell off.

We Yahoo finance anchor Josh Liton with us to talk about this.

Josh, great to have you here.

I mean, this is the day we've all been waiting for.

We can't stop talking about it.

What are you most excited about?

I mean, you're right to say we have a lot of strategists we talked to, and this is one of those days they had marked on the calendar as a potential catalyst because you think of the market and what's been motivating.

You guys know it's, you know, it's decent economy, decent earnings and this boom of interest in the A. I and of course, NVIDIA is the poster child of a I.

What's amazing, too, is I am very hard pressed, and maybe you guys can think of something else.

I can't think of another stock where there's this much love for the name, right?

I mean, everybody is piled on the same side of the boat with NVIDIA.

90% of analysts who cover this name think you should buy it.

The stock is up 90% already this year.

So you have the sky high expectations.

And yet the strategist and analysts we talked to seem to be broadly pretty positive and optimistic that you're gonna see them report another beat and raise this quarter.

Yeah, and And when we talk about just how much emphasis is on this name, we just had it up on the screen just a few minutes.

So we talk about the size of NVIDIA.

Right now.

It's market cap.

Just around 2.3 trillion.

I believe it accounts for about 5% of the waiting in the S and P 500 about 10% in the NASDAQ 100.

If it doesn't live up to expectations, what do you think that means?

More broadly for the tech sector?

For some of the other names that I know you've very closely tracked Now for quite some time?

Well, it's not, you know, it's interesting.

It's not just the tech sector.

Like Carly Josh Schafer had a really interesting piece and Josh is right to note.

Look at the movement you've seen in some other sectors, right?

You can look at utilities.

Traditionally, you would move into utility is because you're getting nervous.

It's time to hunker down, get defensive by ammo and tuna, fish and utilities, right?

But now it's defensive move.

But it's also offence.

People move into utilities because it's an A I play.

So I think Schafer is really right to say Not only are you listening to the report, but when you hear CO Jetson while get on the call, depending on how he sounds on that call about what he's seeing in his business this quarter and the quarters head, that could have broad ripple effects across multiple sectors.

Certainly, yeah, he was right to point that out.

And it's so interesting just how focused so many of these companies are on making sure that they are communicating that a I message to their investors.

If you go public, you almost have to Sprinkle some a I dust on everything that with Reddit too.

All right, Josh, I've doing great stuff.

Thanks so much