00:00 It's Benzinga and here's what's on the block.
00:02 Chipmaker Nvidia is set to report earnings after the bell on Wednesday with investors
00:06 hoping for insights into demand for its graphic chips used in gaming and artificial intelligence.
00:12 Nvidia shares hit an all-time high early on Tuesday in anticipation of its results but
00:16 ended the day down 2.8 percent as traders booked some profits ahead of the release.
00:22 The report comes at a critical time as the once high-flying chip sector has been hammered
00:26 by worries about a global economic slowdown hitting demand.
00:30 Broader stock markets gained on Tuesday as well as hopes Nvidia can deliver upbeat news
00:34 to support risk appetite amid recession fears.
00:37 The S&P 500 and Nasdaq both glow slightly higher.
00:42 [BLANK_AUDIO]
