The market is holding its collective breath ahead of Nvidia ( NASDAQ:NVDA ) earnings after the bell this afternoon. Wall Street analysts are expecting another blowout quarter , with revenue of $55 billion - marking 56% year-over-year growth - alongside adjusted earnings per share of $1.26, up 54%, all driven by insatiable demand for advanced AI chips. Yet beneath the optimism lies real anxiety: even a whisper of softening demand or margin pressure could trigger a sharp sell-off in Nvidia shares and drag the broader indexes lower.