A netizen is utilizing a pc and smartphone to view the NVIDIA emblem and webpage in Suqian Metropolis, Jiangsu Province, China on April 29, 2026.
Cfoto | Future Publishing | Getty Photos
All eyes are on Nvidia, the world’s most useful firm and synthetic intelligence commerce darling, as it’s set to report fiscal first-quarter earnings on Wednesday after the closing bell.
On its convention name, merchants on prediction markets platform Kalshi assume the corporate may speak about President Donald Trump after CEO Jensen Huang joined him on his journey to China.
Trump has 50-50 odds of being talked about on the decision, with the probabilities rising not too long ago. The president wasn’t talked about on the corporate’s final earnings name in February. Huang joined Trump for his summit in Beijing with Chinese language President Xi Jinping.
Huang’s presence on the journey got here because the standing of Nvidia’s H200 chip gross sales in China stays unsure.
Trump instructed reporters final week that the chip mannequin did not come up in discussions with China, however Reuters reported that the U.S. authorities gave approval to a number of Chinese language companies to buy the mannequin. China, although, hasn’t allowed companies to buy the chip, Trump claimed to reporters.
In January, Trump cleared the way in which for Chinese language purchases of the chip mannequin. That got here with a 25% tariff on imports for chips that will likely be despatched to China. There is a 57% likelihood the corporate mentions tariffs on its name on Wednesday.
However after the journey to China, merchants place simply an 11% likelihood that Nvidia mentions Taiwan. After the U.S.-China summit, neither nation revealed if Trump or Xi mentioned Taiwan, which is residence to essential chip producers. Merchants now solely place 15% odds that the corporate discusses Taiwan Semiconductor Firm, down from beforehand a 78% likelihood.
And there is a 55% likelihood the corporate will focus on humanoid robots. In his keynote handle on the CES Commerce Present in January, Huang stated he expects to see robots with some human-level capabilities this yr. This could be a brand new characteristic of the Nvidia calls as that subject did not come up within the firm’s February earnings name.
Disclosure: CNBC and Kalshi have a business relationship that features a CNBC minority funding.