Here's the technical set-up for Nvidia shares going into the earnings later today, courtesy of Matt Maley, chief market strategist at Miller Tabak, in a note sent Wednesday. Maley points out that one

Nvidia investors are bracing for a roughly $300bn swing in market value following quarterly results on Wednesday, amid rising unease over Silicon Valley’s vast spending on artificial intelligence.

Wall Street forecasts another booming quarter of growth for Nvidia’s AI chip business. Here are the key numbers to watch: Revenue: Expected to rise 56% from a year earlier to $54.9 billion for the company's fiscal third quarter.

Here's how to tune into the earnings call. Nvidia will announce its earnings on Wednesday, November 19, after the market closes. The report will be available on the company’s investor relations website at 4 p.m. ET, followed by the earnings call at 5 p.m. ET.

On the one hand, that's great news for Nvidia investors. A fresh stream of new products means more revenue. But regularly pushing out new chips also poses a problem for the Big Tech companies that are its customers. Spending big on AI infrastructure already has people uneasy, and now there's a risk it will quickly become outdated.

Directly into AI infrastructure: servers, storage, power and cooling systems, along with a vast quantity of chips to support Search, Ads, YouTube, Gemini, and

Nvidia shares have fallen more than 12% since their recent peak on Oct. 29—the day it became the world's first $5 trillion company. It's the 16th time shares have "corrected," dropping 10% or more from a recent high,

Analysts see demand for high-grade AI hardware from Nvidia increasing in the coming quarters, staying upbeat even as investors fret over the AI trade.

Brookfield Asset Management Ltd. is targeting $10 billion of fund commitments for a global artificial-intelligence infrastructure program in partnership with Nvidia Corp. and the Kuwait Investment Authority.