Stock futures were pointing to a higher open for major indexes on Wednesday ahead of the highly anticipated release of quarterly results by AI investor favorite Nvidia after the closing bell.

Nvidia, the most valuable company in history, releases its third-quarter earnings report after the market close on Wednesday. The stock has nearly tripled this year.

Nvidia is due to report fiscal third-quarter earnings after Wednesday's closing bell. MarketWatch will be breaking down the expectations and results.

Nvidia stock has fallen back slightly from record highs as the market prepares for its third-quarter earnings report.

Nvidia is slated to report its third-quarter earnings on Wednesday. While expectations for another big quarter are not new, the focus may now shift to whether the artificial intelligence chip juggernaut can also maintain its high profits.

U.N. nuclear watchdog chief Rafael Grossi said on Wednesday he hopes Iran's move towards capping its stock of uranium just short of weapons grade will hold, as his agency's board was set to pass a Western-drafted resolution that could derail that.

During International Atomic Energy Agency chief Rafael Grossi's trip to Iran last week, "the possibility of Iran not further expanding its stockpile of uranium enriched up to 60%

Iran has agreed to stop producing uranium enriched close to the level required for nuclear weapons, a sign the Islamic Republic may be ready to resolve a standoff with the West over its atomic activities.