Nvidia shares were initially up after an earnings report that included raised revenue guidance for the next quarter. But shares closed 3% lower.

Here's how to tune into the earnings call. Nvidia will announce its earnings on Wednesday, November 19, after the market closes. The report will be available on the company’s investor relations website at 4 p.m. ET, followed by the earnings call at 5 p.m. ET.

With Wall Street accustomed to beat-and-raise performances from Nvidia, it's been harder for the stock to see meaningful post-earnings moves. That's the view of Mizuho desk-based analyst Jordan Klein,

Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble.

Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when Nvidia Corp. reports its earnings after the bell on Wednesday. How the sinking stock market will react is another question.

Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.

Another analyst agreed. Thomas Monteiro, a senior analyst at Investing.com, said Nvidia’s data demonstrates the AI era is “nowhere near its peak.”

One confident message coming out of Nvidia earnings: "AI spending isn’t just holding up, it's accelerating," wrote Jake Behan, the head of capital markets at Direxion. That upbeat tone from Nvidia "could flip this tech rotation on its head,