Nvidia stock was rising on Friday, after results from a rival chip maker showed that artificial-intelligence demand remains robust. Shares were up 1.6% to $142.20 in early trading. The benchmark S&P 500 climbed 1%.

Nvidia reported its fiscal first-quarter results after Wednesday’s closing bell. Investors are focused on the company's ability to withstand restrictions on its China business, as well as Nvidia’s overall trajectory with its new Blackwell lineup.

AI chip giant Nvidia, the second-most valuable company in the world, could move the entire stock market when it reports quarterly results after markets close on Wednesday.