Nvidia is set to report third-quarter earnings results after the market closes on Wednesday. With shares hovering around record highs, it will take a blockbuster report to move the needle for investors.

Nvidia stock rose 0.6% to $302.03 in Tuesday trading. Shares surged earlier this month as investors bought in on hype surrounding Nvidia’s financial prospects amid billions in investment, most notably from Facebook‘s newly rebranded parent Meta Platforms (FB), to build a theorized next phase of the internet called the metaverse.

Source: Nvidia Reports Earnings Today. Here’s What to Expect.

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