Big Tech Is About to Report. Nvidia Investors Should Watch One Number.

As Microsoft, Alphabet, and Amazon report earnings this week, Nvidia investors should closely monitor capital expenditure (capex) trends from these major GPU customers. All three companies have recently increased their infrastructure spending forecasts, driven by strong AI demand. Rising capex signals continued strong demand for Nvidia's chips and systems, while any slowdown would be concerning for Nvidia's near-term outlook.