Nvidia forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative artificial intelligence infrastructure.

Nvidia reports earnings this afternoon, giving it another chance to ease investor concerns about the potential threat DeepSeek poses.

Nvidia disclosed its first financial results of the year Wednesday, delivering an eagerly awaited earnings report providing early indications of how it will emerge from the release of the less tech-intensive DeepSeek AI model from China,

What happens with Nvidia matters for the entire U.S. stock market. The chip company has grown into the second-largest company on Wall Street, which means the stock’s movement carries more weight on the S&P 500 and other indexes than every company except Apple. The tech giant, based in Santa Clara, California, is now worth over $3 trillion.

Nvidia stock was rising early Wednesday ahead of the chip maker's hotly anticipated earnings report. Shares climbed 2.6% to $129.90 in premarket trading, putting them on course to pare back nearly all