Nvidia (NVDA) reported its third quarter earnings on Wednesday, beating analysts' estimates on the top and bottom lines and offering a better than anticipated outlook. For the fourth quarter Nvidia projects revenue of $65 billion plus or minus 2%.

Computer chip maker Nvidia is at the head of the artificial intelligence revolution. Its results could determine where markets — and the economy — go next.

Wall Street shares have seen big swings this week as investors brace for all-important earnings from AI bellwether

Nvidia is projecting revenue for the current quarter to be $65 billion, not including shipments of any H20 chips to China. That number was well above the average analyst revenue estimate compiled by FactSet of $54.

Global shares steadied on Wednesday, after another selloff driven by nerves over AI valuations, although the mood was cautious ahead of what could be make-or-break earnings from chip titan Nvidia and U.