zuckini;
I am pretty sure you know, but just to be completely sure: a wave is (usually) sound signal and a jpeg file is an image.
If you mean how to display the wave signal in a graph and then save the graph as a jpeg file, then just drop a graph indicator in the control panel, wire the signal. Check any of the example shipped with LabVIEW on how to do this. To get the image, drop a graph indicator's invoke node in the block and select "Get Image".
Check this page for detailed information.
If you have something else in mind, please reply to this message with additional information about the wave signal, the image, etc.
Regards;
Enrique
www.vartortech.com