While the earnings season for artificial intelligence companies has largely been positive, all eyes are on Nvidia Corp (NASDAQ:NVDA) as the final piece of the puzzle. The chip giant, renowned for its dominance in AI computing, is set to report earnings on May 22, trailing behind other tech giants.

Despite strong performances from industry leaders such as Meta Platforms Inc. (NASDAQ:FB), Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOGL), Nvidia’s upcoming report remains highly anticipated.

Mike Bailey, director of research at Fulton Breakefield Broenniman LLC, highlighted the importance of Nvidia’s performance in the context of surging demand for chips and AI technology. With other AI hardware makers experiencing fluctuations in stock prices post-earnings, expectations are soaring for Nvidia’s report.

Although Nvidia shares have rebounded since April, they are still down from their peak in March. Despite rival chipmaker Advanced Micro Devices Inc. (NASDAQ:AMD) raising its forecast for AI accelerator sales, its stock dipped following its earnings report.

While the technology sector has delivered strong earnings, stock price movements following reports have been lackluster. However, UBS’s Solita Marcelli remains optimistic about AI computing stocks, citing projected capital expenditures from major tech players exceeding $200 billion this year.

In addition to Nvidia’s impending report, other notable tech news includes Warren Buffett’s endorsement of Apple Inc. (NASDAQ:AAPL) at Berkshire Hathaway Inc.’s annual meeting and developments in social media, such as Jack Dorsey’s departure from Bluesky.

As the earnings season continues, investors await reports from companies like Model N, Palantir Technologies Inc (NYSE:PLTR), Lucid Group Inc (NASDAQ:LCID), and others, which are due to announce their results on Monday.