Get ready because Nvidia earnings could break the stock market this week. It’s over a three trillion dollar market cap, so any index funds are going to move if the stocks move dramatically. Earnings are after the market close on August 28th as on Wednesday. Analysts are expecting around $29 billion in revenue, around ￠60 in earnings per share. Both of those amounts to over 100% growth, which is way higher than most companies out there. Many people do have valuation concerns about Nvidia stock with the PE ratio of 74. But you have to consider that this is actually around the historical average for the stock over the past five years. And the business is growing at a faster rate than it ever has been as a public company. And you can see forward estimates for growth as well as valuation are actually not that bad. In one year this company has almost quadrupled the sales that it does in a quarter. And the fact that this company will likely produce over $50 billion in net income this year is mind blowing. 94% of analysts have a buy rating on the stock with an average price target of $153 per share. A recent one from Loop Capital gave it a target of $175. There are bears out there. Some people are saying that Nvidia stock could drop 25% after earnings. Some people are even selling Nvidia stock right now. But I’m personally holding. Let me know in the comments your price predictions. And follow for more stock market updates.