Nvidia’s Q4 earnings will be a referendum on the AI trade as revenue expected to jump 234%

News Snapshot:

Nvidia (NVDA) will announce its fourth quarter earnings after the bell on Wednesday, one of the most highly anticipated earnings reports in recent memory. Shares of the AI chip darling have skyrocketed over 200% over the last 12 months, easily outpacing rivals AMD (AMD) and Intel (INTC). Nvidia’s incredible run briefly pushed its market capitalization past Amazon (AMZN) and Google parent Alphabet (GOOG, GOOGL) last week, making it the third-most-valuable publicly traded company in the world behind only Microsoft (MSFT) and Apple (AAPL). But as of Tuesday, Amazon and Alphabet reclaimed their leads. For the fourth quarter, analysts expect Nvidia...