Nvidia ($NVDA) is back in the spotlight as Wall Street analysts lift their price targets ahead of the company’s much-anticipated Q2 earnings

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.

After Nvidia reports its second-quarter earnings this week, investors should keep a keen eye on another important AI chip stock.

Nvidia shares fell 2.5% to $167.03 this week, marking a modest pullback as investors rotated out of AI-heavy semiconductor stocks. Despite strong long-term fundamentals, the dip follows comments from CEO Jensen Huang downplaying the near-term impact of silicon photonics—a much-hyped next-gen tech.

Nvidia Stock Is Poised to Benefit From Rising Use of AI in Defense Systems and Global Surge in Defense Spending Global defense priorities are shifting to include greater spending on advanced technologies, such as artificial intelligence (AI). These trends should benefit Nvidia, which is the dominant provider of AI chips and related technologies.

The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says.