<div id="readability-page-1"><div><div><p>Nvidia earnings after the close will be a key test for the tech-led mania and market rally. The stock has been down about 4% from its May 14 high, after a 40% April to mid-May rally. Given the recent shift in Momentum/Semis, today's print may provide some support for further indication in demand ramp-up.</p><p>First, some big picture background: so far, 84.0% of the S&amp;P 500's market cap has reported. Q1 expectations are for revenues to grow 11.2% and EPS 28.4%. Earnings are beating estimates by 17.3% on aggregate so far, with 78% of companies topping projections to date. The 6 largest megatech companies are expected to outgrow the rest of the market as a group (EPS growth 61.2% vs. 17.9%)</p></div></div></div>

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<p>Nvidia's upcoming earnings report is crucial for assessing the tech market's momentum, especially after a recent 4% decline from its May high. With Q1 expectations showing revenue growth of 11.2% and EPS growth of 28.4%, the performance of major tech companies is anticipated to outpace the broader market. So far, 84% of the S&P 500 has reported, with earnings exceeding estimates by 17.3%. Investors are keen to see if Nvidia's results will support ongoing demand.</p>

- Nvidia's upcoming earnings report is crucial for assessing the ongoing tech market rally.  
- The stock has declined about 4% since its May 14 peak, following a significant 40% rally from April to mid-May.  
- Overall, 84.0% of S&P 500 companies have reported, with Q1 revenue growth expectations at 11.2% and EPS growth at 28.4%, while major tech companies are projected to significantly outpace the broader market in growth.

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Nvidia Earnings Preview: Is All The Good News Priced In, And Will The Stock Swoon Again