NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.
Edgar Su | Reuters
Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last.
Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company’s pricey graphics processors for servers.
Nvidia’s stock price has soared nearly fivefold since the end of 2022, giving the company a market value of $1.72 trillion, briefly surpassing tech giants Amazon and Alphabet.
Nvidia has to meet elevated expectations stoked by investor appetite for AI companies.
Analysts expect Nvidia to post a 240% increase in revenue from the year-ago period, for a total of $20.6 billion, driven by $17.06 billion in data center revenue — the business that sells AI GPUs like the H100. Net income is forecast to surge more than sevenfold to $10.5 billion in the January quarter.
Investors want to hear from Nvidia CEO Jensen Huang about how long these stratospheric growth rates can last. One concern is that many of Nvidia’s GPUs are sold to big tech companies such as Microsoft, Amazon, Meta and Google.
Those companies reported earnings in recent weeks and signaled they will continue to invest in new GPUs in the short term, but some analysts think the long-term picture for demand could be more mixed.
“They referred to their purchasing as ‘flexible’ and ‘demand driven,’ implying they would scale it down if we got past the current hype cycle,” D.A. Davidson analyst Gil Luria wrote in a recent note to investors. “While we do not believe we are there yet, we are seeing possible early signs.”
Nvidia is also planning to start shipping a new highest-end server GPU called the B100 in 2024. The timing of that chip could affect the company’s growth rate.
In the current quarter, Wall Street analysts expect a 208% rate of growth to about $22.17 billion in sales.
Nvidia has other businesses, from chips for PC gaming to automotive chips. But the focus Wednesday will remain primarily on its AI GPUs, which make up more than 80% of Nvidia sales.
“The [data center] GPU number will be the only key metric that matters along with commentary on broader market adoption,” wrote Barclays analyst Thomas O’Malley in a note earlier this month.
Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates.
Shares of the company jumped over 6%, while its total gains year to date rose above 107%.
The tech giant plans to increase spending on AI models and infrastructure development, on top of the 380 billion yuan ($53 billion) over three years it announced in February, Chief Executive Officer Eddie Wu said Wednesday at Alibaba Cloud’s annual flagship technology conference.
“We are vigorously advancing a three-year, 380 billion [yuan] AI infrastructure initiative with plans to sustain and further increase our investment according to our strategic vision in anticipation of the [artificial superintelligence] era,” Wu said.
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Alibaba shares surge after CEO unveils plans to boost AI spending
So-called ‘artificial superintelligence’ refers to AI that would hypothetically surpass the power and intelligence of the human brain, with the hypothetical benchmark becoming a growing focus of major AI companies.
Alibaba also officially unveiled the latest version of its Qwen large language models — the Qwen3-Max — on Wednesday, along with a series of other updates to its suite of AI product offerings.
Wu highlighted that Alibaba Cloud is strategically positioned as a “full-stack AI service provider,” delivering the computing power required for training and deploying large AI models on the cloud through its own data centers.
“The cumulative investment in global AI in the next five years will exceed $4 trillion, and this is the largest investment in computing power and research and development in history,” he added.
Venezuelan Bolivar and U.S. Dollar banknotes and representations of cryptocurrency Tether are seen in this illustration taken Sept. 8, 2025.
Dado Ruvic | Array
Tether, the issuer of the largest stablecoin, is planning to raise as much as $20 billion in a deal that could put the crypto company’s value on par with OpenAI, according to a report from Bloomberg News.
The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said, citing two individuals familiar with the matter. The transaction would involve new equity rather than existing investors selling their stakes, the people told the news service.
The report said that one person close to the matter warned that the talks are in an early stage, which means that the eventual details, including the size of the offering, could change.
However, the deal could ultimately value Tether at around $500 billion, according to the report. That would mean the crypto giant’s valuation would rival some of the world’s biggest private companies, including SpaceX and OpenAI. OpenAI’s fundraising round earlier this year valued the tech company at $300 billion.
Tether, which was once accused of being a criminal’s “go-to cryptocurrency,” has been furthering its plans to return to the U.S. in recent months, given President Donald Trump’s pro-crypto stance. The company earlier this month named a CEO for its U.S. business and launched a new token for businesses and institutions in the U.S. called USAT, which will be regulated in the U.S. under the GENIUS Act.
Stablecoin USD Tether (USDT) is pegged to the U.S. dollar with a market cap that recently surpassed $172 billion. In second place is Tether rival Circle’s USDC stablecoin, which is worth about $74 billion.
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.
Justin Sullivan | Getty Images
Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.
The stock rose in extended trading.
Here’s how the company did in comparison with the LSEG consensus:
Earnings per share: $3.03, adjusted, vs. $2.86 expected
Revenue: $11.32 billion vs. $11.22 billion expected
Micron said revenue in the current period, its fiscal first quarter, will be about $12.5 billion, versus the $11.94 billion average analyst estimate per LSEG.
The company said it had $3.2 billion, or $2.83 per share in net income, versus $887 million, or 79 cents in the year-ago period.
Micron shares have nearly doubled so far in 2025. The company makes memory and storage, which are important components for computers. Micron has been one of the winners of the artificial intelligence boom. That’s because high-end AI chips like those made by Nvidia require increasing amounts of high-tech memory called high-bandwidth memory, which Micron makes.
“As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity ahead,” Micron CEO Sanjay Mehrotra said in a statement.
Overall company revenue rose 46% on a year-over-year basis during the quarter.
Micron’s largest unit, which sells memory for cloud providers, reported $4.54 billion in sales during the quarter, more than tripling on a year-over-year basis.
However, the company’s core data center business unit saw sales decline 22% on an annual basis to $1.57 billion in revenue.