NVIDIA Corporation(NASDAQ:NVDA) was declining about 3% on Wednesday ahead of the company's fourth-quarter earnings print, set to be released after the market closes.

When Nvidia printed a third-quarter earnings beat on Nov. 21, the stock closed down 2.46% the following day and subsequently entered a slight downtrend until bottoming out at the $450.10 mark on Dec. 4, where the stock began to surge into a steep uptrend.

For that quarter, Nvidia reported earnings per share of $4.02 on revenues of $18.12 billion, exceeding a consensus estimate of EPS of $3.36 on revenues of $16.12 billion.

For the fourth quarter, analysts, on average, estimate Nvidia...