ToplineNvidia shares rallied Tuesday as investors prepare for the artificial intelligence leader’s quarterly earnings results due later this week, a report described as the most crucial upcoming event for the hot but rocky stock market.

Nvidia stock has racked up just about every superlative investors could ask for in the past two years. It has risen more than ninefold since the end of 2022, joined the [Dow Jones Industrial Average](

Nvidia stock has been a standout performer in the AI boom, rising by over 180% year-to-date. However, could this remarkable run reverse, and the stock fall by over 50% from current levels? It’s a real possibility.

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Nvidia’s earnings promise to be the main event for investors this week, as the chip maker powering the artificial-intelligence revolution gives a quarterly update on its progress. Last quarter, Nvidia put up sales and earnings that more than doubled from the previous year and beat expectations.

Nvidia reports earnings after the bell on Wednesday. The focus will be on how quickly it can ramp up Blackwell sales in the face of any technical challenges.

U.S. stock futures wavered early Monday as the market looked to rebound after its worst week in more than two months. After a busy few weeks, investors have another major event to digest in the coming days–Nvidia earnings.