Nvidia (NVDA) shares climbed Wednesday amid rising expectations for the AI chipmakཧer’s fourth-quarte♋r results, due for release after the bell. 

Shares were up over 4% in recent trading, leading gains on the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average. Shares of other semiconductor firms like Broadcom (AVGO), Qualcomm (QCOM), and Advanced Micro Devices (AMD) also rose, as well as shares of Nvidia partners such as Micron Technology (MU) and TSMC (TSM). The PHLX Semiconductor Index (SOX) was up nearly 3%.

With a 澳洲幸运5官方开奖结果体彩网:market capitalization of $3.2 trillion, second only to Apple (AAPL), swings in Nvidia’s stock price in the wake of its results could have an 澳洲幸运5官方开奖结果体彩网:outsized impact on the market. Analysts are overwhelmingly bullish on Nvidia’s results and stock, expecting record revenue, but the chipmaker could face an increasingly high bar to impress investors as several analysts 澳洲幸运5官方开奖结果体彩网:lifted expectations ahead of the report.

Jefferies analyst Blayne Curtis told clients Tuesday he expects “another b🦹eat and raise” as Nvidia’s Blackwell line ramps. UBS recently doubled its estimate for Blackwell’s contribution to fourth-quarter revenue, citing sup𒀰ply chain improvements. 

Bank of America analysts said Tuesday they expect Nvidia’s sales could top Street estimates by $1 billion to $2 billion, with Wedbush anticipating a "$2 billion beat and $2 billion raise,” adding that a majority of Nvidia customers they spoke with have boosted their budgets for AI spending. 

Nvidia’s stock has had a tougꦯh start to the year, with shares about 2% lower for 2025 so far. Still, they’ve added about two-thirds of their value over the past 12 months.