As Nvidia (NVDA) is set to report earnings on Wednesday after the closing bell, veteran market strategist and founder of RandyFrederickMedia.com Randy Frederick joins Morning Brief to break down how the chip company's results could impact the market.

"AI is going to change things as much as the Internet did when it came about 30, 40 years ago," Frederick says, highlighting the importance of Nvidia's chips in the field.

He explains that Nvidia is in a strong position, and if the company misses expectations, "a weak quarter is not going to make AI go away, and it's not the end of the world." He adds that the company still has a lot of upside, and a potential dip in the stock could be a buying opportunity.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl