Artificial intelligence (AI) chipmaker Nvidia (NVDA) is set to report its fiscal 澳洲幸运5官方开奖结果体彩网:second-quarter earnings after the bell Wedn♕esday, with investors likely watching what its resul𓆏ts could signal about the strength of AI demand.

Nvidia's earning results could be "viewed globally as the most significant 'tell' about the outlook for AI spending," LPL Financial Chief Global Strategist Quincy Krosby said Wednesday, ahead of Nvidia's results.

Nvidia's Earnings Expected To Signal Strong AI Demand

Krosby said that based on analysts' projections, Nvidia's results are expected to "confirm that demand remains strong," which could boost investor sentiment for the stock and others in the AI space.

Nvidia has 澳洲幸运5官方开奖结果体彩网:established itself as an early winner of the AI boom, with shares more than doubling in value from the start of the year, despite some 澳洲幸运5官方开奖结果体彩网:headwinds in recent months.

Many of 澳洲幸运5官方开奖结果体彩网:Nvidia's partners like Arm (ARM) and Micron Technology (MU), as well as other companies in the AI space, have climbed since the start♒ of the year amid expectations of AI-driven growth.

Nvidia shares were 1.9% lower at $125.84 Wednesday afternoon, ahead of the company's earnings, though most analysts 澳洲幸﷽运5官方开奖结果体彩网:maint෴ained a "buy" or equivalent rating for the stock, anticipating further gains.