Nvidia’s AI heft to power results again, Wall St seeks China clarity

Artificial intelligence chip leader Nvidia will likely deliver yet another blockbuster revenue forecast on Tuesday. But the real focus will be on whether widening U.S. curbs on sales of its high-end chips to China could hamper that run.

The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index up nearly 50% in 2023.

“There is an underlying assumption that Nvidia has total market dominance…