Nvidia stock was rising Monday, as investors geared up for a crucial earnings report that could help decide how much longer the artificial intelligence-powered broader market rally could last. Shares in the chip maker were up 1.

On a forward price-to-earnings multiple basis, Yahoo Finance data shows Nvidia trading at 31 times. Broadcom ( AVGO) and Marvell Technology ( MRVL) are valued at 35 times and 41 times, respectively. Arm Holdings ( ARM) clocks in at 76 times. Zoom out further, and Nvidia's stock is trading at a discount to several other "Magnificent Seven" members.

Nvidia (NVDA) is expected to release its fiscal fourth quarter earnings results at the end of the trading day on Wednesday.

The semiconductor market is positioned to have another "transformative year" in 2025, believes exchange-traded fund provider VanEck. Industry leaders such as Nvidia (NASDAQ:NVDA), Broadcom (AVGO), TSMC (TSM),