The findings of the most recent earnings report from chip giant Nvidia might have a significant impact on the US stock market as a whole. With a market valuation of almost $4 trillion, the chipmaker has become the most valuable corporation in the world in the last two years.
Investors will be able to assess how the tech giant has been doing in the midst of President Donald Trump’s trade attacks and worries about whether artificial intelligence has been overhyped when Nvidia releases its earnings on Wednesday.
Nvidia specializes in producing the graphics processing units (GPUs) that drive artificial intelligence (AI), such as the Blackwell B200, which is touted as the most potent processor in the world.
Since AI surged into the public with the release of OpenAI’s generative AI chatbot, ChatGPT, in November 2022, the chips from the California-based business have become indispensable to the biggest tech companies in the world, including Microsoft, Meta, Amazon, and Alphabet.
Over the past few years, Nvidia’s revenue has increased rapidly due to the AI boom and the spike in demand for its chips. According to business filings, Nvidia reported triple-digit revenue growth for five consecutive quarters from mid-2023 to 2024.
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