Reported about 19 hours ago
Nvidia's earnings report this week will be pivotal for the AI sector and the ongoing summer stock rally near record highs. Following Fed Chair Jerome Powell's comments suggesting potential interest rate cuts, markets rallied, with Nvidia set to release its quarterly results on Wednesday. Analysts anticipate earnings of $1.01 per share on $46.13 billion in revenue, amid broader economic data being released that could influence market sentiment. Investors are closely watching for any indications on inflation and GDP growth as earnings from other significant retailers also come to light.
Source: YAHOO