Nvidia Earnings to Test Resilience of European Tech Stocks and ASML

Nvidia is set to release its highly anticipated Q4 earnings report, which investors view as a critical barometer for the global AI revolution. The results are expected to trigger significant volatility across global markets, with a particular focus on European semiconductor firms. Dutch giant ASML remains at the forefront of this impact, given its vital role in supplying advanced chipmaking equipment to the industry. Analysts are closely monitoring whether the massive capital expenditures by US hyperscalers are translating into sustained hardware demand. As the world's most valuable company, Nvidia's performance will likely dictate the near-term sentiment for the entire semiconductor supply chain. Market participants are bracing for potential shifts in the SX8P and SOXX indices following the announcement.