Nvidia reported record revenue for the third quarter of $57.0 billion, up 22% from the previous quarter and up 62% from a year ago. Following the release of the AI chipmaker's earnings reports, US stock index futures experienced a general increase in trading on Wednesday,

Nvidia shares have fallen more than 12% since their recent peak on Oct. 29—the day it became the world's first $5 trillion company. It's the 16th time shares have "corrected," dropping 10% or more from a recent high,

Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.

Stocks finished lower on Monday, with the Dow Jones Industrial Average and S&P 500 suffering their third straight day of losses.

After the opening bell, the Dow dropped 0.9%, or more than 400 points, as the S&P 500 declined 0.5%. The tech-heavy Nasdaq composite moved down 0.6% in morning trading. Please watch the video at Investors.com - Can Nvidia Beat 'Whisper Number' Despite Supply Constraints? Walmart, FUTU Earnings Also In Focus

Nvidia's latest earnings report came in Wednesday, and its results were higher than Wall Street expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.

Shares of technology companies rose ahead of Nvidia's earnings. Nvidia added to gains after the bell after it forecast fourth quarter revenue of $65 billion, plus or minus 2%, up from $57 billion in the third quarter.

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier