Expectations were sky-high and some fatigue may have crept in over Nvidia’s rocket-like trajectory but make no mistake: this was a remarkable quarter, burnished by fantastic execution and a sound plan.

Wall Street is on track to open with gains following another strong earnings report from chipmaker Nvidia even if it didn't meet the sky-high expectations of investors. Futures for the S&P 500 rose 0.

Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, and said supply chain constraints would lead to demand for its chips exceeding supply for several quarters in fiscal 2026.

Nvidia’s sales surged in its latest quarter and profits nearly doubled, a sign of the strength of an artificial intelligence boom that has made the company the world’s most valuable. Nvidia on Wednesday also projected around $37.