"Fengxianbiao" Nvidia financial report coming soon coincides with market's sudden concern over AI spending.

When Nvidia announces its financial report after the market closes on Wednesday, Wall Street will see where the massive dollars invested in the field of artificial intelligence are flowing. The reaction of the continually declining stock market is another unresolved question. "This financial report can be seen as a barometer of 'how Nvidia goes, so goes the market,'" said Scott Martin, chief investment officer at Kingsview Wealth Management. The company holds stocks of Nvidia and several other tech giants. Analysts expect the chip giant's third-quarter net profit and revenue to grow by over 50%. The reason is simple. Aggregate data shows that Microsoft, Amazon, Alphabet Inc., and Meta Platforms Inc. - these four companies account for over 40% of Nvidia's sales - are expected to increase their AI total spending by 34% over the next 12 months, reaching $440 billion.