Like much of the stock market, Nvidia (NASDAQ: NVDA) has experienced significant volatility in 2025. Investors are concerned that President Donald Trump's tariffs could reduce demand for the company's data center chips,

Microsoft, a major cloud provider and longtime NVIDIA partner, confirmed during its third-quarter fiscal 2025 earnings call that it will maintain its massive $80 billion capital expenditure plan for AI data centers, with more than half of that directed toward U.S. operations.

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.