AI giant Nvidia (NVDA) is set to release its Q4 FY25 results today. NVDA stock has gained about 65% over the past year, primarily due to the

The report raised fears about the sustainability of AI infrastructure growth. That could mean less demand for Nvidia’s chips. TD Cowen’s Michael Elias said his team’s finding points to “a potential oversupply position” for Microsoft. Shares of Nvidia fell 4% on Friday.

For the first time since 2022, Nvidia stock is falling in the weeks leading up to the chip giant's earnings report. Since the end of last quarter, Nvidia stock has dropped 5.7%, including a 2.8% decline Tuesday.