Nvidia, the world’s most valuable public company, has surged by more than 30 per cent this year, becoming the first group to reach $4tn in market value. It has been a significant contributor to the S&P 500’s 9 per cent rise in 2025 because of its mammoth market value.

Wall Street expects Nvidia to report earnings per share of $1.01 on revenue of $46.13 billion. A slew of Wall Street analysts have raised their price targets on Nvidia leading into the release, but at least one of those analysts warned the quarter may not impress to the level investors have become accustomed to over the past several years.

Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia’s quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.