Nvda earnings preview: are we about to see another substantial surge?

NVDA’s Q1 2026 earnings are coming after market close on May 28th. The consensus is for about $43B revenue (up 65% YoY), EPS around $0.82-$0.89, and gross margin close to 71%. Last earnings, NVDA popped over 3% right away, and it’s been strong ever since.

I’m feeling bullish for a few reasons: Blackwell’s new architecture brought in $11B last quarter, which is insane, and with Computex plus all the AI buzz, demand looks even stronger. I’ve also heard chatter (even on Tiger) that a lot of Chinese clients are trying to get orders in before any tariff changes, which could be a sneaky boost for revenue this time. Technically, we might see a golden cross soon, and even though we’ve been moving sideways around $130-132, things still look positive.

Of course, the risks are there: expectations are super high, so just meeting the numbers might not be enough, and any Blackwell production issues or export restrictions could cause trouble. The options market is expecting a pretty big move too (implied straddle is at 8.5%).

Overall, data center demand is still wild, Blackwell is ramping faster than expected, and between the AI wave and potential tariff front-loading, I’m holding my shares. Analyst targets on Tiger and elsewhere average around $163, so there could be more upside. How’s everyone feeling about the China demand and Blackwell timeline? Anyone else holding through earnings? $NVIDIA(NVDA.US)