Long a Wall Street favorite, Nvidia has not outperformed the broader market recently, falling 3% over the last six months, worse than the S&P 500’s 7% return.

For the first time since 2022, Nvidia stock has fallen in the weeks leading up to the chip maker's earnings. Since the end of the last calendar quarter, Dec. 31, Nvidia stock has dropped 5.7%. That includes a 2.

The here and now of the earnings story today will be what is happening in terms of the transition from their current hopper as it's described AI accelerator to the blackwell chip. their most sophisticated chip is an air pocket.