Tech stocks today: All eyes on Nvidia as Meta trial resumes

LIVE Tech stocks today: All eyes on Nvidia as Meta trial resumes Daniel Howley · Technology Editor Updated Mon, August 24, 2026 at 2:54 PM GMT+2 1 min read NVDA META It's nearly here. The moment Wall Street waits for every quarter since the AI trade kicked off: Nvidia's ( NVDA ) second quarter earnings. Yes, while its Big Tech peers reported their results nearly a month ago, Nvidia is finally giving us the lowdown on its latest quarter when it reports Q2 earnings after the close on Wednesday.

For the quarter, Nvidia is expected to report second quarter adjusted earnings per share (EPS) of $2. 09 on revenue of $92 billion, according to Bloomberg analyst consensus estimates. That would mark a 96% year-over-year jump in overall revenue, and a continued quarter-over-quarter acceleration.

And Meta's social media addiction trial resumes in Oakland, Calif. , today after Thursday's hearing was postponed due to a sick juror. A collection of 29 state attorneys general is suing the social media giant over claims that it purposely developed its services to keep children online as long as possible and caused psychological harm.

The trial is a test case for that larger suit and involves the attorneys general from four states. Meta claims the trial could leave it exposed to as much as $1. 4 trillion in damages, but state attorneys general dispute that figure.

LIVE 4 updates 59 mins ago Grace O'Donnell Chip stocks stumble ahead of Nvidia earnings Chip stocks sold off on Monday ahead of Nvidia ( NVDA ) closely watched earnings report on Wednesday, dragging down the Nasdaq Composite ( ^IXIC ). The PHLX Semiconductor Index ( ^SOX ) fell by over 3% as several headlines contributed downward pressure on the tech sector. Chip stocks heatmap First, Nvidia ( NVDA ) reportedly informed some of its customers that it will hike prices for AI servers by more than 15% early next year due to soaring memory chip costs.

Nvidia stock dropped by over 2%, and memory chip plays Micron ( MU ), Sandisk ( SNDK ), Seagate Technology ( STX ), and Western Digital ( WDC ) all fell over 5% on concerns that higher prices could weigh on demand. Reports over the weekend that Apple ( AAPL ) may source dynamic random-access memory (DRAM) and NAND flash memory from Chinese semiconductor companies CXMT and YMTC also weighed on memory stocks. Additionally, investors may be positioning ahead of Nvidia earnings.

As my colleague Brian Sozzi pointed out this morning, Nvidia shares have fallen in response to the company’s last four earnings results. In a sign of the market’s high expectations, Samsung ( 005930. KS ) stock slid 8% after the company’s $80 billion shareholder return plan failed to impress the Street.

Today at 2:02 PM UTC Pras Subramanian Tesla Cybercab to launch Sept. 3rd Tesla ( TSLA ) will unveil the production Cybercab at a launch event in Austin, Texas, on September 3rd. This comes as Tesla ramps up its self-driving efforts, key to the company's big growth plans.

Emailed invites to the Sept. 3rd event first surfaced on X among Tesla-watchers over the weekend and were confirmed by EV outlets like Teslarati . Tesla stock was little changed despite unofficial confirmation of the upcoming production reveal of the two-seat, purpose-built robotaxi.

07 March 2026, USA, San Jose: A test car of the Tesla robotaxi Cybercab is on the road. The vehicles will not have a steering wheel or pedals when they are launched on the market. Tesla boss Elon Musk sees autonomous driving as the future of the electric car manufacturer.

Photo: Andrej Sokolow/dpa (Photo by Andrej Sokolow/picture alliance via Getty Images) · picture alliance via Getty Images Read more . Today at 1:02 PM UTC Daniel Howley Nvidia's Q2 earnings to test resurgent AI trade Nvidia CEO Jensen Huang (Photo by Yoshikazu TSUNO/Gamma-Rapho via Getty Images) · YOSHIKAZU TSUNO via Getty Images Nvidia ( NVDA ) reports its second quarter earnings after the bell on Wednesday. The announcement also comes as chip stocks more broadly struggle to hang on to gains over the last month following July's steep declines over fresh fears about whether companies will see returns on their vast AI investments.

Microsoft ( MSFT ), Amazon ( AMZN ), and Google ( GOOG , GOOGL ) helped allay at least some of those fears thanks to strong growth numbers in their respective cloud businesses, though Google, along with Meta, spooked investors on increased spending. For the quarter, Nvidia is expected to report second quarter adjusted earnings per share (EPS) of $2. 09 on revenue of $92 billion, according to Bloomberg analyst consensus estimates.

That would mark a 96% year-over-year jump in overall revenue, and a continued quarter-over-quarter acceleration. Nvidia updated its reporting framework last quarter, breaking down Data Center revenue into sales between Hyperscalers and AI Clouds, Industrial, and Enterprise (ACIE). Read more .

Today at 12:05 PM UTC Grace O'Donnell Market expectations for Nvidia earnings set high Nvidia ( NVDA ) stock edged lower as investors began gearing up for the company's earnings report on Wednesday. As Yahoo Finance's Brian Sozzi points out, even strong earnings reports from Nvidia haven't received a warm reception on Wall Street: Nvidia shares have fallen in response to earnings in six of the past eight quarters, including the last four, per Yahoo Finance AlphaSpace analysis. He writes: The reality is that the market is positioned for the company to post something great and for CEO Jensen Huang to sound super bullish on the earnings call.

The market also knows there is minimal downside risk to Nvidia's growing investment portfolio , given the rising valuations (see Anthropic ( ANTH. PVT ), for example) being afforded to most privately held names in artificial intelligence. "Because many of the debates around AI infrastructure spend/return on investment and credit risk are out of NVDA's hands, we think the numbers are more important than the narrative and coming out of this call, we expect investors to gain greater confidence in … numbers that should keep the stock grinding higher," UBS analyst Tim Arcuri wrote in a note.

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