Stocks moved mostly higher on Wednesday following a tech-led sell-off as investors awaited earnings from Nvidia (NVDA) that will set the tone for the next leg of the AI trade. Given that, Fed minutes set for release later will be put under the microscope for insight into the economy and future policy.

Futures rise as Nvidia’s high-stakes earnings test drives sentiment across tech stocks, US indices, and the broader stock market today.

Follow along for live updates on the Dow, S&P 500 and Nasdaq ahead of earnings from AI chip maker Nvidia.

Ahead of the opening bell, the Dow rose 0.2%, as S&P 500 futures moved up 0.4%. Nasdaq 100 futures gained 0.5% in premarket trading. Please watch the video at Investors.com - Major Indexes Fall But Bounce Off Lows Ahead Of Nvidia; RTX, Medpace, Alnylam In Focus

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 1.7% in the afternoon session after investor optimism grew ahead of its fiscal third-quarter earnings report, bolstered by a major new partnership with Microsoft and AI firm Anthropic.

Don't expect the first reaction to Nvidia Corp.'s earnings tonight to be the last word. Even if the earnings meet the market's high expectations, it could take a few days to digest the results and for investors to more fully react,

Not as expensive as it used to be, based on one widely watched valuation measure—the price-earnings ratio. While Nvidia's stock price has soared, its earnings power has risen even quicker, pushing down the PE ratio.

Investors have lately been a bit sour on tech stocks, but not today: The tech-focused Nasdaq is in the green, and shares of Nvidia are gaining ahead of the highly anticipated release of the chip giant's earnings report.

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On November 18, BNP Paribas Exane raised its price target on the stock to $250.00 from $240.00 while maintaining an Outperform rating.