Nvidia Earnings Watch Party in the Bar is the Latest Sign of AI Hype

The idea came about when Lauren Balik, owner of Upright Analytics and co-host of the “Tech Bros Show,” approached X about renting a bar to record the quarterly earnings conference call and subsequent financial commentary.

A few hours later, Balik declared it was officially starting and announced that it would take place at 3:30 p.m. at the Storehouse bar in Flatiron.

Balik said in the post that 12 people have confirmed their participation so far.

She also included a cheeky flyer for the event, advertising “party beer,” “Jensen Huang,” and “Projecting Earnings Call Over Speakers.” (To state the obvious, Nvidia CEO Jensen Huang will be decided not will be present as he will dial into the conference call to answer analysts’ questions.)

Balik did not immediately respond to a request for further comment on the incident.

The watch party comes as Wall Street and AI watchers across the industry closely monitor Nvidia’s earnings for signs of whether AI investments have peaked or are continuing to gain momentum.

Nvidia shares have been soaring amid the AI ​​arms race, and the company’s AI chips remain best-in-class and hard to get hold of — even as rival chipmakers try to catch up with their own offerings. At the same time, there are concerns that tech companies’ massive AI-related capital spending could take too long to pay off. Some tech giants like Google said they don’t expect any significant AI returns in the near future.

While Wall Street and others wait anxiously to see if Nvidia can prove that the hype around AI isn’t fading anytime soon, it’s no surprise that the company’s earnings will be the most important in years. Analysts predict that Chip manufacturer’s share price Depending on the outcome, the market value could shift by nearly $300 billion in either direction after the earnings announcement.

And of course, you can watch Nvidia’s earnings call from the comfort of your office chair or remote workstation.

But it looks like at least a dozen people are planning to brave the summer heat and take the subway across town to process the results together over a few cold drinks at the bar.

Don’t be surprised if there are some unofficial watch parties in San Francisco as well.