Nvidia is the only megacap tech stock to notch gains this year as investors have turned cautious on the hefty amounts of spending on AI infrastructure.

Nvidia is the only megacap tech stock to notch gains this year as investors have turned cautious on the hefty amounts of spending on AI infrastructure.

As tech stocks slide and AI spending comes under scrutiny, investors are looking to Nvidia’s results for clues about whether the AI boom still has room to run.

Analysts remain bullish on Nvidia given strong AI capex expected this year, healthy AI compute demand and the stock's valuation relative to hyperscaler peers.

Expectations are sky high for the company's earnings report as demand for Nvidia's AI processors breaks records.

Demand for Nvidia chips rose even as the company sets out to create AI products of its own.

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"The odds were stacked against them," Adam Phillips of EP Wealth Advisors told CNBC.