Wall Street’s faith in the artificial intelligence boom that has powered US equities markets to record highs will be put to the test on Wednesday when $4tn chipmaker Nvidia unveils its hotly anticipated quarterly earnings report.
Nvidia, the world’s most valuable public company, has surged by more than 30 per cent this year, becoming the first group to reach $4tn in market value. It has been a significant contributor to the S&P 500’s 9 per cent rise in 2025 because of its mammoth market value.
Investors are betting that enthusiasm surrounding rapid advancements in AI, which has also boosted companies such as Microsoft, Amazon and Palantir, will continue to be a dominant factor in the coming years.
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