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Nvidia's Earnings Report: Market Expectations and Potential ...
2024-08-27 05:50:09
Business
Stocks
Tech

Nvidia's Earnings Report: Market Expectations and Potential Impact

Analysts remain bullish on Nvidia, anticipating strong Q2 results and significant growth potential. With key earnings updates looming, the market is closely watching for insights on revenue, chip demand, and potential delays.

Nvidia's CEO, Jensen Huang, is set to discuss Blackwell GPU issues amidst global tensions and market fluctuations. Despite positive forecasts, the market is cautious, considering potential impacts on stock performance.

Amid AI trends and market dynamics, Nvidia's stock is deemed attractive for long-term investments, with a target price hike to $150 by Evercore ISI. As the market eyes Nvidia's earnings report, there's anticipation for market movements and potential shifts in stock performance.

Related news on that topic:

Futures inch up with eye on interest rates, Nvidia results

U.S. stock futures rise slightly as investors await Nvidia's earnings and key economic data. Nvidia's chips are widely used in AI, and its results on Wednesday are highly anticipated. Other chip stocks like Broadcom and Advanced Micro Devices also rose, but the Philadelphia SE Semiconductor index declined over 2.5% on Monday. Investors are optimistic about lower borrowing costs, with traders betting on a rate cut in September. The July Personal Consumption Expenditure data on Friday could provide more clarity on the central bank's policy easing. UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%. Paramount Global slid 2.5% after media veteran Edgar Bronfman Jr withdrew from the race for the company, clearing the way for Skydance Media to take control of Shari Redstone's media empire. European stocks rose 0.3% as investors eyed US inflation and Nvidia's earnings. Morgan Stanley revealed its top stock picks, including Nvidia.

Market Rebounds on Fed's Rate-Cut Talks and Nvidia's Anticipated ... Earnings

Stocks trade mixed as Dow hits record highs on dovish Fed shift, upcoming Nvidia earnings, and rebound from August lows amidst economic data and geopolitical tensions. Investors await Nvidia's earnings as a key driver for market rally after Fed hints at rate cuts. Nvidia's impressive growth and market expectations position it as a top AI stock to watch. Fundstrat's Tom Lee examines market resilience post-volatility, focusing on Fed's rate cut possibilities and tech opportunities, particularly Nvidia's fiscal performance.

Read 31 more recent news on this topic

The press radar on this topic:

The Street
29. August 2024 um 22:03

Analyst revamps Nvidia stock price with key earnings update on deck TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia shares rose $600B since August lows ahead of Q2 earnings; Wedbush's Bryson sees strong results, 137% EPS growth to 67 cents, $30B revenue. Blackwell delays, Hopper and H100 chip demand. Hyperscalers plan $500B infrastructure spend. Nvidia's data center revenue could reach $150B next year. Ives says Nvidia's earnings impact tech, $1 GPU=$8-$10 multiplier; analysts question AI spending at Microsoft, Meta, Amazon, Alphabet.
The Street
30. August 2024 um 14:05

Nvidia's Jensen Huang and new inflation data may rock the markets TheStreet Daily Newsletter

Economy
Finance
Technology
Politics
Nvidia's earnings, Blackwell GPU delays, new inflation data, geopolitical tensions, corporate earnings, and political events could impact markets this week. Nvidia's CEO Jensen Huang will discuss Q2 results and Blackwell GPU issues. The Commerce Dept. will release July PCE inflation data, which could prompt Fed interest rate cuts. Israel attacked Hezbollah in Lebanon, the Ukraine-Russia war continues, and there are Middle East worries. U.S. election campaigns will ramp up. CrowdStrike had comp..
fool
26. August 2024 um 16:22

Nvidia Is Reporting Earnings This Week. It's My No. 1 Holding, and I'm Watching These 17 Things

Technology
Finance
Keybanc and Rosenblatt Securities recently reiterated a bullish price target for Nvidia stock.
fool
27. August 2024 um 00:14

1 Wall Street Firm Thinks Nvidia Stock Is Heading to $150. Is It a Buy Around 127?

Finance
Technology
Economy
Nvidia's stock is hot, influenced by AI trends. Evercore ISI maintains buy rating, raising target to $150. Nvidia has strong growth outlook, serving cloud giants. Blackwell processors to drive major sales. Stock remains attractive for long-term.
CW

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