Nvidia stock was rising Wednesday ahead of the chip maker’s hotly anticipated earnings report.
Shares were up 3.5% at $130.92 shortly after the market opened, putting them on course to pare back nearly all their losses from Tuesday’s selloff in artificial-intelligence stocks. The S&P 500 was up 0.7%.
Nvidia’s results Wednesday could help the market to make up its mind about how much longer the AI rally can last. Investors will also be keeping a close eye on any comments about next-generation chips, and the impact Chinese start-up DeepSeek’s new models could have on hardware demand.
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