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, o🃏r 61 cents per share, a year earlier.

Wedbush analysts said the chipmaker will continue to be a beneficiary of 澳洲幸运5开奖号码历史查询:huge investments in AI infrastructure from hyperscalers like Meta (META), Google parent Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), and 澳洲幸运5开奖号码历史查询:Microsoft (MSFT). Spending on AI “in particular ends up flowing to [Nvidia] which supplies a dispropo♛rtionate amo🏅unt of the AI server value,” the analysts said. 

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开奖号码历史查询:$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开奖号码历史查询:“failure” that is driving China to accelerate developmen🦋t of its own 💛AI chips. 

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 “buy” or equivalent rating for Nvidia stock, alongside two “hold” ratings. Their 🐟consensus price target near $164 would suggestﷺ 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.