U.S. stocks rebound after decline, Nvidia rises over 3% ahead of earnings report

Jinse Finance reported that the U.S. stock market rose on Wednesday, ending its longest losing streak since August, as Nvidia, the bellwether for artificial intelligence, strengthened ahead of its earnings report after the market close. At the time of writing, the S&P 500 Index was up more than 1%, after having fallen for four consecutive days and retreating about 4% from its October high. The Nasdaq 100 Index rose 1.6%. As the most influential stock on Wall Street, Nvidia gained over 3%, though it is still down more than 7% so far this month. Next, traders are hoping that Nvidia's earnings report will ease market concerns about AI spending and effectively confirm that the current stock market rally is not just another tech bubble. Tom Essaye, founder of Sevens Report Research, stated that Nvidia's earnings report "is widely considered the most important market catalyst this week, and any disappointing result could intensify the recent selling pressure, having a significant impact on large-cap tech stocks, the overall stock market, and risk assets as a whole."