Big Tech Fatigue Puts Stocks in a Funk. The Next 2 Days Could Change That … or Make Things Worse.

Nvidia earnings after the close of trading Wednesday will provide investors with a guidepost on artificial-intelligence demand and, by extension, offer an assessment on sentiment with the market’s most important growth driver. Investors are looking not only for the tech giant, now the world’s most valuable company, to post revenue in the October-ended quarter in the region of $55 billion, but also commentary that will cement CEO Jensen Huang’s forecast of around $500 billion in AI chip demand over the coming year. “Nvidia is the single most important earnings report in the entire market, but all of the good is already priced in,” he added.