Nvidia Corp.’s fiscal first-quarter results are coming up on Wednesday afternoon, and investors are lasered in on how U.S.-China trade tensions are threatening a chunk of its business.

AI chip giant Nvidia (NVDA), the second-most valuable company in the world, could move the entire stock market when it reports quarterly results after markets close on Wednesday. Nvidia stock is expected to move about 7% in either direction by the end of the week,