**Nvidia Earnings Test the AI Bull Market**

Nvidia reports **Q2 results today**, with Wall Street expecting roughly **$92 billion in revenue**, almost double last year. Last quarter, revenue was $81.6 billion and Data Center revenue rose 92% year over year.

The report will test whether the **hundreds of billions spent on AI infrastructure** are translating into demand. The market will focus on revenue, margins, Rubin demand, China sales, and especially guidance. Nvidia is also one of the largest weights in the S&P 500.

NVDA is approaching the **$195-$200 support zone**, with larger bull-market support around $165-$170. A strong report and a hold of support would keep the AI trade intact. A major breakdown could hit semiconductors and other AI-heavy stocks.

**** **[@venture](https://t.me/venture)