Demand for Nvidia's pricey artificial intelligence chips will be in focus when the company reports results on Wednesday as investors doubt the hefty spending on the technology after low-cost AI models from China's DeepSeek rattled the industry.

Nvidia (NVDA) is expected to release its fiscal fourth quarter earnings results at the end of the trading day on Wednesday.

Shares of Nvidia Corp., the chip-making giant at the core of the artificial-intelligence boom, have recovered — somewhat — from the hit they took during the market’s DeepSeek tantrum last month. But as the $3.4 trillion company prepares to report fourth-quarter results on Wednesday, Wall Street has other anxieties.

The semiconductor market is positioned to have another "transformative year" in 2025, believes exchange-traded fund provider VanEck. Industry leaders such as Nvidia (NASDAQ:NVDA), Broadcom (AVGO), TSMC (TSM),