The chip maker’s earnings could pose a greater risk to the S 500 than the jobs report, CPI or the Fed meeting, BofA anaylsts say.

Nvidia is back in the spotlight this week as it prepares to report earnings. Sales of its Blackwell chips are likely to be the key variable as the market gauges how long the chip maker will dominate the artificial-intelligence hardware market.

Nvidia stock has been a standout performer in the AI boom, rising by over 180% year-to-date. However, could this remarkable run reverse, and the stock fall by over 50% from current levels? It’s a real possibility.