Nvidia stock was falling on Thursday ahead of earnings from one of its big rivals, which could shed light on strength of demand for artificial intelligence chips. Shares fell 0.4% to $141.40 in early trading.

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.

Nvidia is slated to report fiscal first-quarter results after the market closes Wednesday, with Wall Street expecting another record quarter from the world's second-most valuable company.