All eyes are on Nvidias April quarter earnings as investors assess whether the AI chip giant can sustain its explosive growth momentum. Strong AI spending by Big Tech firms is expected to support another robust quarter, though concerns around valuations, competition, China exposure, and data centre demand continue to keep markets on edge.

Polymarket traders are bullish on Nvidia topping $240 after Q1 earnings, fueled by AI demand and strong growth expectations.

Nvidia reports results on Wednesday, as an exceptionally strong first quarter for U.S. corporate profit growth winds down.