Wall Street is holding its breath as Nvidia (NVDA) gears up to report its fourth quarter results on Wednesday. Despite its sky-high valuation, Patrick Moorhead, Chief Analyst at Moor Insights, believes the AI giant still has "a lot of room to grow.

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.