Wall Street edges higher ahead of Nvidia earnings

U.S. stock markets inched higher on Wednesday as investors awaited Nvidia’s quarterly earnings report, seen as a crucial test for the AI-driven rally.

Nvidia shares rose 2.3% after falling nearly 5% over the past two sessions. Analysts note that the company’s results could influence investor sentiment, amid growing concerns over tech valuations and the sustainability of AI-driven growth.

Other tech and retail stocks were mixed: Alphabet jumped 5%, Lowe’s gained 3.2% on strong profits, while Target fell after reporting weaker-than-expected sales. Investors are also awaiting the Fed’s October meeting minutes and upcoming U.S. jobs data, which could impact market direction.