Nvidia Corp. (NASDAQ:NVDA) is slated to report earnings on Wednesday, which could have ripple effects on a broad range of exchange-traded funds (ETFs) with significant exposure to the chipmaker. This is especially true given the AI chipmaker’s strong weighting in the index funds and sector holdings.
Nvidia's Historic Rally
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The AI chipmaker set a historic milestone, surpassing $5.5 trillion in market cap last week. The stock remains the largest publicly traded company and overtakes silver as the world’s second-largest asset by market value. Nvidia shares are up 20.8% since the start of this year and 66.2% over the past year.
Analysts expect Nvidia to report first-quarter revenue of $79.08 billion, up from $44.06 billion in the year-ago quarter, according to data from Benzinga Pro. The company beat analyst estimates for revenue in 14 straight quarters. Analysts expect first-quarter earnings per share of $1.76, up from $0.96 in the year-ago quarter.
