Nvidia, the world's highest-valued listed company, is set to report its quarterly figures on Wednesday evening, according to Svenska Dagbladet. The chipmaker, led by CEO Jensen Huang, has driven much of the AI revolution. Ahead of the report, Nvidia's stock rose 2 percent on Wednesday after a sell-off earlier in the week.
Analysts predict sales of over 66 billion dollars for the fourth quarter, slightly above the company's own guidance from November of around 65 billion dollars, according to Factset. 5 billion dollars compared to the same period the previous year, according to the Wall Street Journal. Nvidia has become a barometer for the pace of AI development, and its report could have repercussions on European technology exchanges, according to Realtid.
The attention is also turning to Europe's tech stock markets. S. tech giants like Alphabet, Meta, Microsoft, and Amazon have reported their results.
Despite stable figures, the market has reacted nervously to the companies' extensive investment plans in AI infrastructure. Against this background, Nvidia's forecasts are seen as crucial for whether investment willingness persists or begins to wane, according to CNBC. A strong signal of continued high demand for next-generation AI chips and increased investments in data centers would likely support European semiconductor and infrastructure companies.
In focus is Dutch ASML, which is alone in the world in manufacturing advanced EUV lithography machines necessary for producing the most advanced circuits used in Nvidia's AI processors. BE Semiconductor Industries, often called BESI, could also be significantly affected, as it supplies equipment for assembly and packaging of semiconductors to manufacturers like TSMC, which produces Nvidia's chips. Continued strong AI demand could drive investments in advanced packaging technology, while signs of slowdown risk hitting the stock hard.
On the continent, Infineon is closely watched, as the German company supplies power components used in AI servers, meaning increased sales for Nvidia could have a direct effect on demand at Infineon. Finally, STMicroelectronics could be affected through broader market sentiment, as the entire semiconductor sector tends to move in line with signals from the AI market. If Nvidia indicates that growth is normalizing or that customers are pausing their investments, it could trigger a broader reassessment of AI-related stocks in Europe.