Nvidia Q2 earnings preview: What to watch for

Nvidia will report Q2 earnings Wednesday after market close, with analysts expecting 97.6% year-over-year revenue growth, up from 55.6% last year. The company beat revenue expectations last quarter with $81.62 billion, an 85.2% increase. Analysts have largely reconfirmed estimates over the past 30 days, and Nvidia has a history of exceeding Wall Street forecasts. Peer results show Intel revenue up 25.4% and Lattice Semiconductor up 62.2%, though both stocks fell 7% after reporting. Nvidia shares rose 6.3% over the last month, outperforming the processors group average decline of 4.3%. The stock trades at $208.82 against an average analyst price target of $304.73.