Aug 21 Reuters Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much?

The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its graphics processors.

Nvidia shares have tripled in value this year, adding more than 700 billion to the company39;s market valuation and making it the first trilliondollar chip firm. They closed 8.5 higher on Monday, their biggest jump in nearly three months.

The blistering rally in its shares means that Nvidia has little room for any earningsrelated disappointment and anything other than a higherthanexpected forecast could trigger a rout in its stock, some analysts have warned.

The results could also dictate the direction of the wider market this week, as most of the SP 50039;s gains this year have come from the AIdriven rally in Nvidia and Big Tech stocks.

I39;ve been covering tech since 1994 and I have never seen an environment where you are so dependent on one company to deliver, said Inge Heydorn, partner at GP Bullhound, which owns both Nvidia and AMD shares.

AI is really the last pillar of growth and everybody is depending on it. If Nvidia shows weakness, we could be in for quite a substantial correction in the market.

Wall Street expects the chip company to guide for a rise of about 110 in thirdquarter revenue to 12.50…