US Stock Market Move | "The most important stock on earth" NVIDIA Corporation (NVDA.US) is about to announce its second quarter earnings. The stock price rose nearly 1% in intraday trading.

On Tuesday, NVIDIA Corporation (NVDA.US) saw its stock rise nearly 1% in midday trading, approaching its previous all-time high of $180.95. On the news front, the "most important stock on Earth" NVIDIA Corporation is set to announce its second-quarter performance on Wednesday Eastern Time. Wall Street analysts generally expect NVIDIA Corporation's second-quarter earnings per share to reach $1.01, with revenue around $46.1 billion. Morgan Stanley, a major Wall Street firm, forecasts NVIDIA Corporation's Q3 revenue to be $52.5 billion. However, the firm acknowledges that there are more optimistic voices in the market from investors, with some sell-side institutions predicting revenue figures as high as $55 billion. The performance report of NVIDIA Corporation is seen as crucial for the US stock market and even global stock markets, as it may determine whether the "super bull market" that has been happening since April can continue. Market expectations are being driven by the anticipation of sustained explosive demand for AI computing infrastructure, propelling NVIDIA Corporation's market cap over $400 billion. Now, these strong expectations are pushing NVIDIA Corporation towards a market cap of $500 billion.