Nvidia will release its earnings report after the market closes on Wednesday, with its stock hitting a new high on Tuesday.

Reports suggest $NVIDIA(NVDA.US)$ might announce a stock split. The last split announcement saw a 30% increase in its stock price. If it rises 30% again, Nvidia's market cap could reach approximately $3 trillion, surpassing $Apple(AAPL.US)$ as the world's second-largest company.

Early on Tuesday, Nvidia's stock fell over 1% after reports that $Amazon(AMZN.US)$ Amazon AWS had paused orders. Amazon's cloud service indicated it had "completely transitioned" from Nvidia's Grace Hopper superchips to their successor, Grace Blackwell.