Nvidia Earnings Set to Drive Next Leg of AI Rally
Nvidia's upcoming earnings are being closely watched by investors as they look for the next leg of the artificial intelligence rally.
The company is seen as a bellwether for the broader AI ecosystem, and its performance could have significant implications for chipmakers and companies financing the rapid expansion of data center capacity.
Shares in Nvidia are expected to drive the next leg of the AI rally, with expectations running high for stellar results. However, other technology shares remained under pressure following Alibaba's launch of a $10.2 billion share sale at a steep discount to fund its AI ambitions as well as disappointment over Samsung Electronics' shareholder-return plan.
The slump in Unitree's shares since its Shanghai debut has also triggered concerns about bubble risk and retail investor losses. Oil prices were nursing losses after the U.S. unveiled an expansion of sanctions against Iran, but stopped short of the most punishing measures.