Nvidia shares are in an interesting position heading into tonight’s quarterly earnings release. The stock has rallied some 45% from an April 3 low, but is barely positive for the year and far off a record high hit in January.

ToplineArtificial intelligence titan Nvidia will take center stage Wednesday afternoon when the company shares financial results from its quarter ending last month, and though analysts expect record-setting sales amid the AI boom,

Nvidia (NVDA) stock popped around 5% Thursday after the poster child for artificial intelligence reported mixed first quarter results after the close on Wednesday. The rise put it on track for its highest close since January.

Artificial intelligence technology bellwether Nvidia overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered chips that are making computers seem more human.

Nvidia's results were much better than they might seem at first glance. Both the top and bottom lines were hurt by new U.S. government export controls on the company's H20 chip, which it had specifically designed for the Chinese market to comply with the government's second round of advanced AI chip export controls.

Nvidia's latest report has a Bank of America analyst wondering whether the company can get to $10 in annual earnings per share in the near future. BofA's Vivek Arya models pro-forma EPS of $7.23 for fiscal 2028,

Yahoo Finance Technology Editor Dan Howley joins host Josh Lipton for Yahoo Finance's special coverage of Nvidia's (NVDA) first quarter earnings results. He identifies three major takeaways from the earnings call: an increase in inference demand,