Nvidia reported strong quarterly earnings, revenue growth, and an optimistic forecast, alongside an $80 billion share repurchase plan and increased dividend. Despite these positive results, NVDA stock dipped as investors focused on escalating competition in the AI chip market and future growth prospects.

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.