Image Source: Yahoo Finance Nvidia ( NVDA - Free Report ) Easing inflation is crucial to the tech sector regarding internal operating costs and the willingness of not only consumers but also businesses to spend on technology which in many instances can be deemed non-essential despite its clear importance. Perhaps broader spending on artificial intelligence continues to increase and keeps Nvidia's stock attractive as the leader in producing AI chips. Tracking Nvidia's performance since its 10-1 stock split on June 10, NVDA is only up +2% but had already more than doubled this year beforehand with a very positive trend of earnings estimate revisions suggesting more upside.