Key points
- Chip stocks bounced Tuesday morning and pulled the Nasdaq up about 0.7% after Monday's selloff.
- Nvidia (NVDA) reports Wednesday after the close. Analysts are looking for about $92 billion in revenue, double a year ago.
- Options traders have the stock set up for a $313 billion swing in market value, in either direction.
The Nasdaq recovered Tuesday morning, gaining back most of Monday's chip-led decline ahead of Nvidia (NVDA) second-quarter earnings after the close on Wednesday, August 26.
Nvidia traded at $213.62 as of 10:13 a.m. Eastern, up 2.5% from Monday's close of $208.48.
| Stock | Monday close | Tuesday morning | Change |
|---|---|---|---|
| Nvidia (NVDA) | $208.48 | $213.62 | +2.5% |
| AMD (AMD) | $456.75 | $474.98 | +4.0% |
| Micron (MU) | $910.43 | $928.06 | +1.9% |
| TSMC (TSM) | $410.12 | $417.69 | +1.8% |
| Broadcom (AVGO) | $358.76 | $359.06 | +0.1% |
Prices as of 10:13 a.m. Eastern on August 25, 2026. Source: live market data.
On Monday, the Nasdaq lost 0.76% and closed at 25,980.19. Micron (MU) shed 5.8%, AMD (AMD) fell more than 3%, and Broadcom (AVGO) gave up more than 2% after a weekend report said Nvidia plans to raise prices on some of its AI servers. Investors were also weighing new US sanctions on Iran and a threat to raise tariffs on Canadian cars, trucks, and parts to 50% starting January 1.
What is Nvidia expected to report?
Analysts expect about $92 billion in revenue and earnings of $2.08 per share, about double the year-ago figures, according to estimates compiled by Yahoo Finance. The data center segment, which sells the chips behind the AI infrastructure buildout, is projected to come in near $85 billion, up more than 90% from a year earlier.
The options market is pricing a possible single-day move of almost $313 billion in Nvidia's market value after the report, according to an analysis by TS2. That figure is larger than the entire market capitalization of most companies in the S&P 500.
Guidance for the current quarter will carry as much weight as the reported numbers. Consensus already assumes data center revenue nearly doubles, so analysts have said a routine beat may not be enough to move the stock higher.
The report lands in a busy week. Investors are also waiting on Kevin Warsh's first Jackson Hole speech as Fed chair and a fresh inflation reading later this week.
Nvidia reports after the market closes on Wednesday, August 26.
