Nvidia Stock Climbs Ahead of Earnings

Nvidia (NVDA) shares climbed Tuesday, ahead of the AI chipmaker’s fiscal first-quarter results due after the closing bell Wednesday. 

Shares were up about 3% in recent trading, leaving the stock roughly flat for the year so far, after a rough start to 2025 amid worries about the trajectory of AI spending and tightening export restrictions on advanced American technology.

Nvidia warned last month that it could take a $5.5 billion charge associated with new limits on sales of its H20 chips to China. Still, analysts are overwhelmingly bullish on Nvidia’s stock, expecting the chipmaker to report growing sales and profit on strong demand for its hardware to support AI. 

Tuesday’s gains pushed Nvidia’s market capitalization to $3.30 trillion, making it the most valuable public company in the world behind Microsoft (MSFT). Apple (AAPL), which occupied second place behind Microsoft just earlier this month, has seen its market cap slip below Nvidia’s as concerns about tariffs battered Apple’s stock. President Donald Trump warned last week that the iPhone maker could face 25% tariffs on phones sold in the U.S. that are manufactured in other countries. 

Several Nvidia partners also posted healthy stock rises Tuesday, including Super Micro Computer (SMCI), TSMC (TSM), Micron Technology (MU) and Dell Technologies (DELL). (Read Investopedia’s full coverage of today’s trading here.)