AI chip giant Nvidia, which has a market cap of over $3 trillion and is currently second only to Apple, “needs to deliver exceptional results” on its upcoming Wednesday earnings call “to justify its towering $3 trillion valuation,” Lukman Otunuga, senior market analyst at trading broker FXTM, told Entrepreneur over email.
The highly-anticipated earnings call will be a “crucial” moment for the markets; Nvidia’s stock price could swing 10.4% either up or down following the announcement, Otunuga said. That means that Nvidia’s market cap could move by about $300 billion after the call, a move larger than each of the market caps of Salesforce, McDonald’s, and Walt Disney.
“A strong earnings
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