Jim Cramer's favorite dog is expected to report earnings after the closing bell Wednesday, August 19.
According to the analysts polled by FactSet, Wall Street expects Nvidia to report adjusted earnings of $1.98 on revenue of $3.65 billion.
Why is this quarter one to watch? Nvidia is up more than 40% since its last report in May. Wall Street will be expecting strong results, and arguably just as importantly, strong guidance for what to expect from the chip giant going forward.
TheStreet's senior tech columnist Eric Jhonsa says pay particular attention to Nvidia's Gaming and Data Center segments, as well as any commentary about cloud spending trends.
"It's possible that Nvidia's sales to both cloud giants and traditional enterprises will hold up relatively well in the back half of the year, given its recent GPU and server refreshes as well as the strategic importance the hyperscalers place on their AI-related investments. But with expectations as high as they are, any comments that the company shares about expected October quarter sales will be closely scrutinized," Jhonsa wrote.
For a full breakdown of what Jhonsa expects from Nvidia earnings and full commentary on where the stock stands today: Nvidia Reports Earnings on Wednesday: 5 Key Things to Watch