Nvidia's quarterly outlook on Wednesday suggested demand from Microsoft, Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry.

Wall Street is once again fixated on Nvidia, as the main player in the artificial intelligence mania is set to report earnings after the bell Wednesday and give an update on demand for its semiconductors,

Nvidia once again achieved stunning sales and profit growth as it closed out 2024. But it appears investors may have been hoping for even more — after a year of blockbuster growth, and in light of questions about whether the US tech industry may be overspending on artificial intelligence infrastructure.