First, though, let's consider Nvidia's recent earnings report. The company, as mentioned, beat both earnings per share (EPS) and revenue expectations in the fiscal 2025 third quarter. It announced diluted EPS of 81 cents versus estimates of 75 cents and record revenue of more than $35 billion versus estimates of about $33 billion.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Options traders price in Nvidia's quarterly results as a more pivotal event for the broader market than the upcoming interest rate decision or the monthly inflation and jobs reports.

Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell. MarketWatch will be breaking down the results.

"NVIDIA is under pressure to deliver an overwhelming beat to justify its valuation," one commentator said on Wednesday ahead of the earnings report.

Nvidia shares moved higher in premarket trading Thursday after the AI investor favorite released results and an outlook that surpassed Wall Street expectations. Monitor these important chart levels.

The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2023.

The Dow deletion effect suggests Intel might be positioned for outperformance. Yet Nvidia’s AI leadership suggests otherwise. Nvidia replacing longtime member Intel in the Dow Jones Industrial Average earlier this month is more than just a name change.