US Stock Market Move | "The most important stock on Earth" NVIDIA Corporation (NVDA.US) will soon announce its second quarter performance. It briefly fell more than 1% during trading.

On Wednesday, NVIDIA Corporation (NVDA.US) fell more than 1% at one point during trading, but has since rebounded and is now trading at $181.79 per share. On the news front, the AI chip leader NVIDIA Corporation, dubbed "the most important stock on earth", is set to release its quarterly earnings report after the US market closes on Wednesday. Wall Street analysts widely expect NVIDIA Corporation to report earnings per share of $1.01 for the second quarter, a potential 48% increase year-over-year, with revenue expected to be around $46.1 billion, a possible 54% increase year-over-year. Morgan Stanley, a major Wall Street firm, has forecasted revenue for NVIDIA Corporation's third quarter to be $52.5 billion. However, the firm acknowledges that there are more optimistic forecasts from some sell-side institutions, with some predicting revenue as high as $55 billion. The main difference lies in analysts' differing opinions on whether the revenue guidance for the third quarter will include the boost from the Chinese market and how much of a lift this will give to NVIDIA Corporation's guidance.