Nvidia (NVDA) is slated to report fiscal first-quarter results after the market closes Wednesday, with Wall Street expecting a record quarter from the world's second-most valuable company.

Analysts on average expect Nvidia to report quarterly revenue of $43.28 billion, 66% higher year-over-year, and adjusted net income of $21.13 billion, or 86 cents per share, up from $15.24 billion, or 61 cents per sha🅰re, a year earlier.

Wedbush analysts said the chipmaker will continue to be a beneficiary of 澳洲幸运5官方开奖结果体彩网:huge investments in AI infrastructure from hyperscalers like Meta (META), Google parent Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), and 澳洲幸运5官方开奖结果体彩网:Microsoft (MSFT). Spending on AI “in particular ends up flowing to [Nvidia] which supplies a disproportionate amount of the AI server value,” the analysts said.&nbs꧃p;

Analysts may ask CEO Jensen Huang about sales to China after the Trump administration earlier this year imposed tighter export controls. Nvidia has warned of a 澳洲幸运5官方开奖结果体彩网:$5.5 billion charge due to restrictions on its H20 chip, and Huang reportedly called the export curbs a policy 澳洲幸运5官方开奖结果体彩网:“failure” that is driving 🦩China to accelerate development of its own AI chips.&n🌠bsp;

Oppenheimer analysts expect the impact of the restrictions to be relatively modest. “We see upside … despite the loss of H20 sales to China,” the analysts said, noting that the country now makes up just 5% of Nvidia’s total sales.

Both Wedbush and Oppenheimer have “outperform” ratings for Nvidia stock, along with price targets of $175. Of the 18 analysts tracked by Visible Alpha, 16 have a “buy꧙” or equivalent rating for Nvidia stock, alongside two “hold” ratings. Their consensus price target near $164 would suggest 21% upside from Wednesday’s intraday level at $135.10.

Shares of Nvidia are up just under 1% for 2025 so far, though they've still gained about 18% over the past 12 months.

UPDATE—May 28, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.