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Wall Street key stock indices opened higher on Wednesday ahead of Nvidia’s earnings.

At the opening bell, the Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63. The S&P 500 rose 25.1 points, or 0.36%, to 6,915.15​, while the Nasdaq Composite rose 141.3 points, or 0.62%, to 23,005.008.

Nvidia will report its fourth quarter results after the market closing hours. Its chips are at the centre of the AI frenzy, and it's become the most influential stock in the US market because it's the most valuable. Its shares were trading 1.6% higher. Analysts are expecting another blowout report, with estimates for Nvidia's profit to surge nearly 70% from a year earlier to $37.52 billion.

Nvidia's profit reports have become a bellwether for the market, not only because of how big the company has become in size but also because of how influential AI has become over the market's moves. In past years, the AI frenzy helped stocks run to record after record amid hopes that it would mean higher productivity for the economy and bigger profits.Rajendra Kumar Saxena is a seasoned journalist and Content Editor at Livemint.com, where he manages the end-to-end editorial process — from story sele...

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