A beat is almost a given—Nvidia has beaten expectations 21 of the last 23 quarters. Whether the stock rallies or falls depends on a number below the fold.

Polymarket traders are bullish on Nvidia topping $240 after Q1 earnings, fueled by AI demand and strong growth expectations.

NVDA earnings preview: Analysts predict a "beat-and-raise" quarter on May 20. See Wall Street's updated price targets for NVIDIA.

Nvidia reports results on Wednesday, as an exceptionally strong first quarter for U.S. corporate profit growth winds down.