NVIDIA (Nasdaq: NVDA) shares are down around 2% at market open. That drop shouldn't come as a major surprise as the Nasdaq Composite is down as well, the index opened down 1.25% Beyond the broader market drop,

The consensus estimates earnings of $0.89 per share, reflecting a 45% increase from the previous year, while revenues are projected to rise by 65% year-over-year to

Although Nvidia Corp.’s and Broadcom Inc.’s earnings reports are still weeks away, some analysts are already comforted by Big Tech’s eagerness to continue spending billions of dollars on development of artificial intelligence.