Artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA) is set to offer us a look at its latest earnings figures and an update on what may be its next major growth catalyst. If investors are happy with what they see, this already soaring stock ...

While there have been plenty of beneficiaries of these secular tailwinds, one of the most notable has been Nvidia (NASDAQ: NVDA). In a nutshell, the company's graphics processing units (GPUs), which were originally developed to craft lifelike images in video games, proved equally adept at powering AI models.

CEO Jensen Huang thinks data center operators will spend $1 trillion upgrading their infrastructure over the next five years in order to support demand from artificial intelligence (AI) developers. Part of that money will be spent on graphics processing units (GPUs),

Nov. 20 is another important date, especially for semiconductor stock Nvidia (NASDAQ: NVDA), as it reports third-quarter earnings then. Here's why I think the stock is set to soar following the report and my reasoning for my recommendation on what to do if you are considering buying it.