It's nearly here. The moment Wall Street waits for every quarter since the AI trade kicked off: Nvidia's (NVDA) second quarter earnings.
Yes, while its Big Tech peers reported their results nearly a month ago, Nvidia is finally giving us the lowdown on its latest quarter when it reports Q2 earnings after the close on Wednesday.
For the quarter, Nvidia is expected to report second quarter adjusted earnings per share (EPS) of $2.09 on revenue of $92 billion, according to Bloomberg analyst consensus estimates. That would mark a 96% year-over-year jump in overall revenue, and a continued quarter-over-quarter acceleration. And Meta's social media addiction trial resumes in Oakland, Calif., today after Thursday's hearing was postponed due to a sick juror.
A collection of 29 state attorneys general is suing the social media giant over claims that it purposely developed its services to keep children online as long as possible and caused psychological harm. The trial is a test case for that larger suit and involves the attorneys general from four states.
Meta claims the trial could leave it exposed to as much as $1.4 trillion in damages, but state attorneys general dispute that figure.