Nvidia, a leading player in the artificial intelligence sector, has seen tremendous growth in the stock market, with a valuation exceeding $3 trillion. The company’s success is attributed to its chips and data centers that are crucial for training and running AI systems for tech giants. Nvidia is set to announce its latest financial results, with Wall Street anticipating second-quarter adjusted earnings of 65 cents per share on revenue of $28.74 billion, a significant increase compared to a year ago. Revenue has more than tripled in the past three quarters, mainly driven by the data center business.

The surge in demand for generative AI products like document composition, image creation, and virtual assistants has boosted sales of Nvidia’s specialized chips. However, analysts are keeping an eye out for any signs of a slowdown in AI demand. The company, headquartered in Santa Clara, California, gained an early advantage in the AI applications race, thanks in part to founder and CEO Jensen Huang’s strategic move in chip technology investments.

Nvidia’s history of innovative bets includes the development of the graphics processor unit (GPU) in 1999, which revolutionized the PC gaming industry and computer graphics as a whole. The company is known for its pioneering spirit and forward-thinking approach in the tech industry. Nvidia is scheduled to unveil its quarterly earnings report after the market closes on Wednesday.