$5.28 TRILLION Nvidia is trading at its cheapest valuation in five years and is set to report earnings on Wednesday. Here is what is happening around the company right now: The company guided $91 BILLION in revenue this quarter, excluding China data center sales. Its customers are sitting on $2.3 TRILLION in AI backlog, per Bank of America. Its own order book for 2026 and 2027 is worth $1 TRILLION. Nvidia told its biggest clients this week to expect 15%+ price hikes on AI servers as memory chip costs surge, per Bloomberg. It paid $6 BILLION to license AI models from startup Poolside and extended job offers to over 100 of its employees. It partnered with BlackRock, Goldman Sachs and KKR to mobilize over $500 BILLION in AI infrastructure financing. The $2.5 BILLION China smuggling probe just cleared its senior management. The stock is up just 21% this year while the semiconductor sector is up 63%. Polymarket gives a 95% chance Nvidia beats Wall Street's earnings expectations again.