Nvidia heads into quarterly earnings under pressure to prove AI spending isn't a bubble as rivals close in.

TechCentral

Nvidia faces its quarterly earnings report amid growing concerns about whether AI spending constitutes a bubble. Wall Street expects 62% profit growth and 68% revenue growth to $66.2B, with analysts forecasting continued strong demand for AI chips. Key risks include hyperscalers like Google designing their own chips (TPUs), supply-chain bottlenecks at TSMC's 3nm lines, and uncertainty around a potential $100B OpenAI investment being scaled back to $30B. Potential upside includes possible resumption of H200 chip sales to China and a $500B order backlog update. Nvidia's competitive moat is being tested by AMD and Google, though analysts still expect it to meet or beat expectations.

All eyes on Nvidia this week amid AI bubble fears

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