Nvidia CEO Jensen Huang is urging the U.S. and China to improve trade relations, arguing that access to the Chinese market is essential for American competitiveness in artificial intelligence (AI).

The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th

The smugglers are facing decades in prison for an alleged conspiracy that involved routing highly coveted chips through Malaysia and Thailand.

The market’s focus remained on Nvidia as Wall Street’s most influential stock reported third-quarter earnings of $31.9 billion.

CNBC's Michael Santoli joins 'Money Movers' to discuss Nvidia and the AI trade, the September jobs report, Fed rate cuts, and more.

The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade.

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.

Nvidia's results are important beyond just determining the broader AI narrative, notes Karoliina Liimatainen, economic and financial writer at Interactive Broker InvestMentor. Nvidia is the biggest of the 10 technology companies that account for more than 40% of the S&P 500 index,