Nvidia Corp’s stock rose more than 2% on Wednesday ahead of the much anticipated fourth quarter results of the chipmaker.
At 11:41 a.m. EST, the stock was trading at $197.03, higher by 2.17%, or $4.18. On Tuesday, it closed at $192.85.
For the year, Nvidia shares are up about 3% and are down about 8% since hitting a record closing high in late October, 2025.
Nvidia, currently the most valuable and influential stock in the US market, is scheduled to release its fourth quarter ended, which ended on January 31, results after the closing bell.
Investors hope that the chipmaker’s earnings report will shed light on the outlook for the artificial intelligence trade.