Nvidia (NVDA) is Wall Street’s AI darling. The company’s stock price is on a massive bull run, rocketing 380% since the end of 2022, and was the best performing component of the S&P 500 in 2023. With that said, here are three things we’ll be watching for when the chip giant announces its fourth quarter earnings on Feb. 21. #1 Artificial Intelligence: Nvidia is the tech industry’s go-to provider for the powerful graphics processing units used to train and run generative AI models. Heck, Meta (META) CEO Mark Zuckerberg announced that his company will purchase an incredible 350,000 Nvidia H100 cards by the end of 2024 at a price tag well into the billions of dollars. Microsoft (MSFT), Google (GOOG), Amazon (AMZN), Tesla (TSLA), you name it, every company is clamoring for Nvidia’s chips. And those are just the tech giants. Smaller firms are also working to get their mitts on Nvidia’s offerings. And with the earnings season already showing continued AI investment across the tech industry, Nvidia stands to continue to gain considerably. #2 Market Expectations - Expectations for Nvidia’s fourth quarter are sky high after the company stunned Wall Street in the prior period when revenue rocked an incredible 206% year-over-year to $18.12 billion. In the fourth quarter, the company is projecting revenue of $20 billion plus or minus 2%, well above analysts’ prior expectations of $17.8 billion. And Wall Street doesn’t see the growth stopping anytime soon. Bank of America recently raised its price target on Nvidia price target to $800 from $700. Goldman Sachs also raised its target for the company to $800. It previously had a price target of $625 on the stock. #3 Regulation & Competition: Still, it’s not all smooth sailing for Nvidia. The company is contending with U.S. export restrictions blocking the sale of some of its high-end chips to China, one of its largest markets. And while that isn’t hurting the company for now, it could mean the chip giant misses out on potential future sales. Then there are its rivals: AMD (AMD) and Intel (INTC) are slowly but surely building out their own high-powered AI chips, with AMD, in particular, gaining on Nvidia’s tail. That company says its latest MI300X chip can go toe-to-toe with Nvidia’s H100, a claim Nvidia refuted via a blog post. Nvidia’s own customers including Microsoft (MSFT), Google (GOOG), Amazon (AMZN), and Tesla (TSLA) are also building out their own AI chips, which could cut into the total addressable market for third-party AI chips. Still, those threats are relatively distant at this point. Nvidia is still riding high at the moment. And we’ll find out it can keep the hype train rolling when it reports its results Feb. 21...

Technology companies are powering the stock market ever higher, a few widely held stocks are responsible for most of the gains, and Microsoft is the U.S.’s most valuable company. The year is 1999, a date that also marks the debut of the Invesco QQQ Trust exchange-traded fund, known as QQQ. It is the primary tool used by investors big and small to gain broad exposure to big tech stocks...

Technology companies are powering the stock market ever higher, a few widely held stocks are responsible for most of the gains, and Microsoft is the U.S.’s most valuable company. The year is 1999, a date that also marks the debut of the Invesco QQQ Trust exchange-traded fund, known as QQQ. It is the primary tool used by investors big and small to gain broad exposure to big tech stocks...

The networking company's strategic alliances with hyperscalers, its financial resilience and innovation drive position it for sustained growth...

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