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Nvidia (NVDA) shares are inching higher ahead of the artificial intelligence (AI) darling’s fourth-quarter results, which are scheduled for Wednesday after the bell. Consensus is for the chipmaker to post $65.7 billion sales on $1.45 a share of earnings for its Q4, which would mean a 65% and 71% year-on-year increase in its top- and bottom-line, respectively.
Ahead of the financial release, Nvidia stock is up about 12% versus its year-to-date low.