Nvidia (NASDAQ: NVDA) stock is heading lower in Tuesday's trading. The company's share price was down 1% as of 1 p.m. ET against the backdrop of a 0.5% decline for the S&P 500 index and a 1.1% decline for the Nasdaq Composite index.

Nvidia had a rocky start to the year. That’s done little to dull its popularity among individual investors, many of whom are positioning for the shares to rally after Wednesday’s earnings report. The graphics-chip maker lost nearly $600 billion in market value in a single session in late January when news of a lower-cost artificial-intelligence model from Chinese company DeepSeek temporarily rattled investors’ confidence in the AI trade.

Nvidia stock was slumping Tuesday following a report about harsher curbs on chip sales to China ahead of a make-or-break quarterly earnings report. Shares of the semiconductor maker has fallen 2.4% to $127.

Nvidia will report financial results for the fourth quarter of fiscal 2025 after the market closes on Feb. 26. Wall Street is bullish on the artificial intelligence chipmaker, with a median target price that implies 33% upside.

With the onset of the artificial intelligence (AI) era, semiconductor giant Nvidia (NVDA) has reported exceptional revenue and earnings growth. Increased demand for AI computing, combined with the company’s advanced GPU offerings,

Nvidia stock was rising Monday, as investors geared up for a crucial earnings report that could help decide how much longer the artificial intelligence-powered broader market rally could last. Shares in the chip maker were up 1.