Nvidia shares are in an interesting position heading into tonight’s quarterly earnings release. The stock has rallied some 45% from an April 3 low, but is barely positive for the year and far off a record high hit in January.

Follow along here for live updates on the AI chip giant's quarterly results, as well as market reaction and comments from executives during a conference call with analysts.

U.S. stocks opened slightly higher as investors await artificial intelligence chip darling Nvidia's earnings after the bell. The broad S&P 500 index rose 0.1% to open near 5,927, up about 6 points. The Dow Jones Industrial Average added 13 points to trade near 42,