Nvidia has beat on earnings since 2019 annually, quite a feat for any company but particularly one of its market cap; Nvidia is one of a handful of extant companies above the $1 trillion mark. As the widely considered leader in the AI chip space, most analysts that cover this name are expecting EPS growth moving forward. The cyclicality of the semiconductor industry can be somewhat difficult to predict, but judging by the last several quarters, Nvidia's earnings seems to be expanding out of the trough. In the second quarter, the company generated an adjusted $2.70 per share against revenue of $13.51 billion. Both of these beat expectations, as did management's guidance for the third quarter of $16 billion. The average 12-month price target is $645.53 among analysts covering Nvidia, which is around 48% return based on the share price at the time of writing.