Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report

Reports suggest positive developments for the chipmaker.Shares of Nvidia (NVDA 4.52%) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%.The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.Good news on orders from ChinaOne of the biggest developments for the chipmaker in recent months was the release of a next-generation AI model from start-u ...