Wall Street is waiting on the release of Nvidia's (NVDA) second quarter earnings results on Wednesday, August 28. Moor Insights & Strategy Founder, CEO and chief analyst Patrick Moorhead joins Yahoo Finance to discuss the company's biggest competitors.

"First and foremost, it's AMD (AMD)," Moorhead notes, adding that "an increasing risk are the hyperscalers developing their own chips, you have Meta (META), Microsoft (MSFT), Google (GOOG, GOOGL) and Amazon (AMZN) all doing a highly efficient version. It's not a GPU out there, but it's a very highly efficient version."

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

This post was written by Mariela Rosales.

Follow along with Yahoo Finance's latest coverage of Nvidia ahead of its earnings this week:

Nvidia earnings are almost here. What investors will look for
Why Nvidia's stock rally is not driving broader market gains
Nvidia earnings highlight a busy end of August: What to know this week
These are other AI plays as Nvidia positions itself as 'hub'
Nvidia is 'priced for perfection.' Strategist explains why
If you don't own Nvidia stock, you are missing a revolution, tech investor says
Nvidia earnings: One top tech analyst's key metric to watch
Nvidia gets ready to take over the stock market (again)
Nvidia earnings: Rationality is out the window, analyst says
Nvidia vs. Alphabet: Strategist picks which to buy & avoid
Nvidia investing 'aggressively' in R&D: Analyst explains why
Nvidia earnings: Options market predicting $300 billion swing in stock
Nvidia still the best AI chip play right now: Analyst
Nvidia earnings: What the options market is anticipating
4 AI terms Nvidia investors should know
Nvidia earnings 'absolutely key to the AI infrastructure trade'