Nvidia's AI Boom Sparks 70% Revenue Growth Outlook Ahead of Q4 Earnings 🚀

Nvidia is set to release its highly anticipated earnings report after Wednesday’s market close. The chipmaker is projected to report a year-over-year increase of over 70% in fourth-quarter revenue. While Nvidia shares are flat on the year, they have gained 12% in February as investor optimism remains high due to robust AI infrastructure spending by big tech companies. Trendline support is at $130, with a resistance level of over $150. The stock, however, fell over 4.1% on Friday amid a broader market sell-off.