Nvidia (NVDA) shares climbed Wednesday amid rising expectations for the AI chipmaker’s fourth-quarter outcomes, due for launch after the bell. 

Shares have been up over 4% in latest buying and selling, main features on the Dow Jones Industrial Average. Shares of different semiconductor companies like Broadcom (AVGO), Qualcomm (QCOM), and Superior Micro Units (AMD) additionally rose, in addition to shares of Nvidia companions corresponding to Micron Expertise (MU) and TSMC (TSM). The PHLX Semiconductor Index (SOX) was up practically 3%.

With a market capitalization of $3.2 trillion, second solely to Apple (AAPL), swings in Nvidia’s inventory value within the wake of its outcomes may have an outsized impact on the market. Analysts are overwhelmingly bullish on Nvidia’s outcomes and inventory, anticipating document income, however the chipmaker may face an more and more excessive bar to impress buyers as a number of analysts lifted expectations forward of the report.

Jefferies analyst Blayne Curtis instructed shoppers Tuesday he expects “one other beat and lift” as Nvidia’s Blackwell line ramps. UBS just lately doubled its estimate for Blackwell’s contribution to fourth-quarter income, citing provide chain enhancements. 

Financial institution of America analysts stated Tuesday they anticipate Nvidia’s gross sales may prime Road estimates by $1 billion to $2 billion, with Wedbush anticipating a «$2 billion beat and $2 billion elevate,” including {that a} majority of Nvidia prospects they spoke with have boosted their budgets for AI spending. 

Nvidia’s inventory has had a tricky begin to the yr, with shares about 2% decrease for 2025 to date. Nonetheless, they’ve added about two-thirds of their worth over the previous 12 months.