Unless Nvidia reports expectations beating revenue and earnings per share tonight, $NVDA could drop 15%, Vertiv (-15%), SuperMicro (-18%), and CoreWeave (-12%).

Taiwan Semiconductor Manufacturing and Super Micro Computer are among the stocks that could move in tandem with Nvidia following its Wednesday earnings report.

Although Nvidia has not been the market's favorite AI trade this year, analysts covering the name see a recovery ahead as demand trends appear strong.