Nvidia has once again turned out quarterly results that exceeded Wall Street's forecasts. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.

Goldman Sachs said Nvidia has another trick up its sleeve to drive its stock price higher going forward: a massive stock buyback program.

Heading into Nvidia's critical report next week, Wall Street remains decidedly bullish. Analysts' consensus estimates are calling for revenue of $33 billion -- or growth of about 82%. Nvidia has a strong track record of beating its own expectations and that of Wall Street, so the results could be more robust.