Operators reduce their positions while preparing for the minutes of the Fed and the NVIDIA report

• Nvidia will publish your earnings from the first quarter of 2025 after the closing of Wednesday.
• Wall Street awaits an adjusted BPA of $ 0.75 and income of 43.25 billion dollars.
• The FOMC minutes will arrive in mid -afternoon, approximately two hours before the report of NVDA profits.
• The Dow Jones index loses weight moderately in the prelude to both ads.

Wednesday is a significant day in the calendar economic, with the power to determine the direction of the US Variable Market at 14:00 est, the Federal Reserve (FED) will reveal the minutes of the meeting of its Federal Open Market Committee (FOMC) of the beginning of May, which will give operators a vision about what to expect from interest rates in the second half of the year. Are the governors of the Fed more concerned with the Trump administration tariff policy that leads to an inflation cycle, or are they more concerned about the unemployment situation?

Then, after the closure of the market at 4:00 pm, the most observed action of the era, NVIDIA (NVDA)it will publish results corresponding to the first quarter of fiscal year 2025 that ended in April. Although the market expects to exceed estimates, operators know that a growth perspective reduced o Margin compression could be an important sales signal for the rest of the market.

At the time of writing, the Dow Jones Industrial Average (Djia)which has Nvidia as a component, is lowering 0.17%, while Nasdaq Composite advances 0.11%.

PREVIOUS VIEW ON THE NVIDIA REPORT

Nvidia has overcome the consensus of Wall Street for nine consecutive quarters, so that is what the market expects this time.

The Wall Street consensus figure for the benefit per adjusted action (BPA) should also be an easy surplus, at 0.75 $. That figure is well below 0.89 $ won in the fourth quarter, but 23% above the quarter of last year. Wall Street awaits a setback in the BPA figure due to an already announced deterioration of 5.5 billion dollars from the NVIDIA H20 business with China.

The Trump administration arrested the exports of the IA H20 chip earlier this year, and the tariff of more than 150% of the Trump administration over China remained in place during much of the first quarter, although the semiconductors were largely exempt. President Donald Trump then reduced the tariff on China at 30% earlier this month.

Jensen Huang has said in recent public appearances that Nvidia is working to counteract the new commercial barriers, so the market will expect more details about the company’s plans to design a new chip for the Chinese market.

Recent ads about the demand of the United Arab Emirates and Saudi Arabia for the nvidia’s chips, as well as the announcement of Oracle (ORCL) Of a 40 billion purchase of said hardware, they will be in the focus during the call of the profit report. The success of the report will depend largely on the growth perspective of the Nvidia data centers business, which depends on the success of its new Blackwell architecture.

Wall Street expects Nvidia’s income in the first quarter to increase 10% from the fourth quarter to 43.25 billion dollars, particularly due to the increase in sales of Blackwell chips to data centers.

NVIDIA actions forecast

Nvidia’s actions are trapped between the historical maximum (ATH) of January 7 and the minimum of the 11 months of April 7. Having returned to the previous support zone of the minimum trend line of several years (light green) that broke in March, a positive quarter will push NVDA’s actions back to that ATH.

Any negative feeling around the profit report will push the shares again to the support near the level of $ 114 or the simple mobile average (SMA) of 50 days about $ 115. Operators will notice that the relative force index (RSI) is approaching overwhelming levels in the prelude to the profit report.

Daily NVDA Shares Graphics