Has Nvidia Stock Run Up Too Far Ahead of Its Q2 Earnings?

Nvidia (NVDA) will release its fiscal Q2 2025 earnings on Wednesday after the close of markets. As has been the case for over a year now, the company’s earnings will be closely watched by markets, and could impact not only its share price, but also that of other tech companies.

With a YTD gain of nearly 150%, Nvidia is the best-performing S&P 500 Index ($SPX) stock – a position it held in 2023, as well. However, most of Nvidia’s gains came in the first half of 2024. Since then it has traded largely sideways, especially considering the furious price moves that markets have grown accustomed to over the last couple of years.