Nvidia’s earnings have become some of the most closely watched numbers on Wall Street. The company makes up about 6.5% of the Nasdaq 100 and 5.5% of the S&P 500, so a good quarter can send the Nasdaq index soaring. A marginal or poor one can send it tumbling.

Nvidia (NVDA) shares are inching up on Tuesday following reports the artificial intelligence giant plans on releasing a toned-down version of its Blackwell chip to resume business in China. According to sources that spoke with Reuters on condition of anonymity today,

Nvidia is slated to report fiscal first-quarter results after the market closes Wednesday, with Wall Street expecting another record quarter from the world's second-most valuable company.