It’s Fed decision day—and it'll be difficult for the chip maker's shares to make gains until investors have more clarity about the central bank's next move.

The semiconductor space has been an important driver for the stock market, helped especially by Nvidia Corp.’s dramatic sales growth — the company’s most recent quarterly revenue was 4.5 times as high as it was two years earlier.

Key Takeaways Nvidia shares slipped Monday, giving up some of last week's gains as the stock's bout of volatility continued.The stock hit a record high in mid-June but has since been on a rollercoaster ride as investors have tempered their AI optimism and embraced rate-sensitive stocks.

Large cloud-computing customers are continuing to spend heavily as they prepare to shift in 2025 to Nvidia’s next generation of GB200 liquid-cooled rack systems.