NVIDIA Corp. (NASDAQ:NVDA) stock rose more than 1% in Tuesday’s premarket session as risk appetite improved. Nasdaq futures gained 0.97%, while S&P 500 futures rose 0.49%.
Investors are positioning ahead of NVIDIA’s earnings report on Wednesday. Trading can become more volatile before a major earnings event as investors adjust their exposure.
Meanwhile, NVIDIA shares are near several widely watched moving averages. As a result, even modest buying could influence the stock’s short-term direction.
Beyond the headline results, Wall Street will focus on NVIDIA’s Rubin product cycle, gross margins and financial support for major AI projects.
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