Nvidia plans to release its Q4 FY2025 earnings report after the market closes today, covering the period from 1 November 2024 to 31 January 2025. This report is highly anticipated as Nvidia is the last of the Magnificent Seven stocks to report earnings.

Analysts expect Nvidia’s revenue to reach US$38.1 billion for Q4 FY2025, representing a 73% year-on-year increase. Projected net income is US$21.08 billion, an increase from the previous year’s US$12.84 billion, while adjusted Earnings Per Share is estimated at US$0.84, up 62% year-on-year.

The stock’s implied volatility indicates potential price movements of 8%, though this measurement can be unreliable. Concerns exist regarding the Blackwell chip supply; however, if mentioned negatively, some may view it as a buying opportunity due to anticipated temporary issues.

Despite a dip from Chinese AI competitor DeepSeek, Nvidia’s CEO believes that the company’s chips will remain central to the AI space. All major US Hyperscalers have confirmed ongoing investments in AI data centres, despite Microsoft’s recent lease cancellations.

Technically, Nvidia’s stock is currently trading at levels similar to mid-2024, following a completed double-top pattern with a profit target of US$105.30. If earnings are disappointing, reaching this target would require a drop of 16.7%.

Nvidia’s earnings release today will be closely watched, given that it is the final Magnificent Seven member to report this quarter. With revenue expected to hit **$38.1 billion**, showing a **73% climb** from the same period last year, it is clear that expectations are elevated. Profit estimates point to over **$21 billion**, which is a major leap from the previous **$12.84 billion**. This growth, paired with a forecasted **62% rise in adjusted EPS**, indicates that demand for Nvidia’s chips remains extremely high.

The market has priced in a potential **8% move** in either direction, though it is worth remembering that implied volatility often miscalculates actual post-earnings movements. If traders misjudge momentum, we could see reactions that don’t align with expectations. Investors have been cautious about the supply for Blackwell chips, which was already a topic of discussion, but any new updates could sway sentiment heavily. Should concerns be overemphasised, some will likely view such a dip as a moment to buy, expecting supply conditions to normalise.

During the quarter, DeepSeek’s entrance into the AI chip space added some pressure, although Jensen remains confident that Nvidia’s core technology will remain ahead. Given that major cloud providers continue investing in AI infrastructure, it suggests industry spending plans are intact. Even Microsoft’s decision to back out of certain leases hasn’t altered that trend, reinforcing that the sector’s expansion is still well-supported.

Technically, the stock has revisited levels last seen in mid-2024. A **double-top pattern** earlier pointed to a **$105.30 target**, which would require Nvidia to **fall 16.7%** from current prices. That objective remains distant unless the earnings release delivers a downside surprise of larger-than-expected magnitude.