Nvidia sits at the epicenter of the artificial intelligence investment boom, with its chips and servers fueling the trillion dollar digital gold rush to establish dominance in the new technology.
But its sheer size, its connection to global supply chains and geopolitical horse-trading, and its effective position as a proxy for broader risk appetite mean that the success of its earnings will echo far beyond the tech sector when it updates investors later this afternoon.
What CEO Jensen Huang has to say about access to markets in China, following a compromise with the White House that allows it to sell H20 chips in exchange for a 15% cut of those revenues going to the U.S. government, will provide keen insight into the state of trade negotiations between Washington and Beijing.