Nvidia’s total market value as of the close Wednesday, tops in the S & P 500. It regained the No. 1 sport from Apple ($3.461 trillion) earlier this week. Microsoft is the only other company with a market value above $3 trillion ($3.089 trillion). One year ago, Nvidia's market value was around $1.243 trillion.

Goldman Sachs said Nvidia has another trick up its sleeve to drive its stock price higher going forward: a massive stock buyback program.

Expectations are high going into Nvidia's fiscal 2025 third-quarter report next week, and some investors are wondering whether the stock can possibly live up to its lofty expectations. One Wall Street analyst called Nvidia stock a "must own" and believes selling now would be a huge mistake.

Nvidia is set to deliver its highly anticipated earnings after the closing bell Wednesday, with analysts overwhelmingly bullish on the chipmaker's stock.

Nvidia stock was paring some losses early on Thursday as a raft of positive reactions to its earnings came in from Wall Street analysts. The majority were looking ahead to Nvidia being able to ramp up the supply of Blackwell chips.

Numerous growth drivers and strong tailwinds should combine to drive this artificial intelligence (AI) pioneer higher.

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

The challenge for Nvidia now is living up to the market’s incredibly high expectations for future earnings–Wall Street expects 54% revenue growth in 2025.

Demand for its GPUs has skyrocketed ever since the AI arms race kicked off, and Nvidia has benefited more than any other company in the market. This was on full display in Q3, as revenue rose 94% year over year to $35 billion,

Nvidia (NASDAQ: NVDA) stuck to tradition when it reported third-quarter earnings last week. It's easy to understand why Nvidia has been delivering such excellent surprises to investors quarter after quarter.