US Stock Movement | "The Most Important Stock on Earth" NVIDIA's Q2 earnings are about to be revealed, with an intraday drop of over 1%

On Wednesday, NVIDIA's stock briefly fell over 1% during trading but later surged into the green, reporting $181.79. In terms of news, the AI chip giant NVIDIA, known as "the most important stock on Earth," will announce its quarterly earnings after the U.S. market closes on Wednesday. Wall Street generally expects NVIDIA's earnings per share for the second fiscal quarter to reach $1.01, which would represent a year-on-year increase of 48%, with revenue around $46.1 billion, expected to rise 54% year-on-year. Morgan Stanley's revenue forecast for NVIDIA's Q3 is $52.5 billion, but the firm admits that there are more optimistic voices in the market based on investor feedback, with some sell-side institutions predicting figures as high as $55 billion. The main difference lies in the significant divergence among analysts regarding whether the Q3 guidance will include revenue from the Chinese market and how much of a boost it will provide to NVIDIA's guidance