“AI信仰”迎大考！美股新高之路的“重磅关卡”：英伟达本周能否交出完美财报？

Core Viewpoint - Nvidia's upcoming earnings report is seen as a critical event for the U.S. stock market, particularly in assessing the sustainability of the AI-driven market rally [2][6]. Group 1: Market Sentiment and Nvidia's Role - Following Federal Reserve Chairman Powell's comments on potential interest rate cuts, market sentiment improved, but Nvidia's earnings report will be a significant test for the market [2]. - Nvidia holds a crucial position in the S&P 500, accounting for nearly 8% of the index, and its performance is viewed as a bellwether for the broader market [3][10]. - Analysts expect Nvidia's adjusted earnings per share for Q2 to be $1.01, a 48% increase year-over-year, with revenue projected to exceed $46 billion, reflecting a 54% year-over-year growth [10]. Group 2: Risks and Concerns - There are concerns that if AI investments do not yield results, it could lead to increased market volatility [3][11]. - The high valuation of Nvidia and the broader market raises questions about sustainability, with the S&P 500's P/E ratio at approximately 22, above its 10-year average of 19 [10][11]. - Nvidia faces challenges in the Chinese market, with recent U.S. government conditions potentially limiting its sales, which could impact future earnings [11][12]. Group 3: Analyst Perspectives - Analysts remain optimistic about Nvidia, with at least 9 out of 79 analysts raising their price targets based on positive expectations for the upcoming earnings report [11]. - The overall market sentiment is cautious, with potential for significant declines if negative news arises, particularly for high-priced stocks like Nvidia [13].