Chip Stocks on High Alert Ahead of Nvidia Earnings Report

Nvidia's upcoming earnings report has Wall Street on high alert as investors wait to see if the semiconductor giant can trigger the next big breakout in chip stocks. In pre-market trading, Nvidia is already showing signs of a potential rally, with support at $215 and resistance at $225.

Intel and AMD are also expected to move higher in the short term, with Intel potentially reaching the $100 level and AMD forming a consolidation pattern after its recent run-up.

Nvidia's earnings report on Wednesday will be closely watched, particularly given its importance in the AI space. A strong report could send chip stocks soaring, while a disappointing one could lead to a pullback.