Trading on Wall Street was quietly mixed on Monday at the outset of a week likely to be focused on an earnings report by chipmaker Nvidia and the first government employment data release in more than six weeks.

There was a lot to learn at a recent AI summit in San Francisco, where insiders predicted $NVDA would rises and OpenAI was overvalued.

Nvidia and 19 Other Stocks Now Make Up 50% of the S&P 500. Here's What It Means for Your Investment Portfolio. Many of the largest S&P 500 components are expensive but are generating rapid, high-margin earnings growth.

Nvidia's earnings report on Wednesday could trigger a $320 billion swing in the chipmaker's market value — the largest post-earnings move ever for the AI giant — as investors seek signals about whether the artificial intelligence boom is accelerating or cooling.

The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.

For 2025, Nvidia founder and CEO Jensen Huang believes that global data center capital expenditures on data centers will reach $600 billion. However, by 2030, he expects that figure to rise to between $3 trillion and $4 trillion.

Peter Thiel's hedge fund sold its entire $100 million Nvidia stake in Q3 while analysts maintain bullish forecasts ahead of Wednesday's earnings.

Nvidia’s earnings call on Wednesday is like “the Super Bowl for not just tech investors, but investors around the world,” said Dan Ives, global head of tech research at Wedbush Securities, a wealth management, brokerage and advisory firm. “There’s fears of a bubble; we believe those are not warranted."

Considering that Nvidia is growing at a far faster pace than these three, it makes its stock look relatively cheap. It also indicates Nvidia stock could be primed to soar following earnings if it hints that its FY 2027 earnings could benefit from how massive the AI market is.