Nvidia stock fell late despite strong earnings. Elon Musk's SpaceX released its filing for a mammoth IP. Stocks rallied Wednesday as oil prices dived on Iran hopes.

Nvidia reported fiscal first-quarter results after Wednesday's closing bell. Investors will be looking to see how new products and partnerships are contributing to the business.

Record revenue of $81.6 billion, up 85% from a year agoRecord Data Center revenue of $75.2 billion, up 92% from a year agoNVIDIA announces $80.0

The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology companies.

Inference chip maker Cerebras’s stock rocketed after the company's Nasdaq debut last week, and to D.A. Davidson managing director Gil Luria, the reaction signaled the importance of Nvidia’s nonexclusive licensing agreement with Groq,

Nvidia CEO Jensen Huang said the company has "largely conceded" China's advanced artificial intelligence chip market to Huawei.

Those companies, chief among them Meta, Amazon, Google, Microsoft, and Oracle, are often referred to as hyperscalers. As the top AI chipmaker, Nvidia provides the hardware for these hyperscalers, and in turn,

Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.