Nvidia Earnings Could Make or Break Chip Rally

Nvidia reports quarterly earnings Wednesday, with Wall Street expecting strong results as Big Tech continues pouring cash into AI infrastructure. Investors hope the results will confirm the AI buildout extends well beyond 2026 into future years. The stakes are high: the Philadelphia Semiconductor Index has surged 60 percent this year but recently dropped 6.4 percent amid inflation fears. A disappointing report could fuel concerns that chip stocks have become dangerously overextended.