Reported 8 days ago
Nvidia's upcoming earnings report on November 20 is poised to influence the U.S. stock market trajectory, particularly in the tech and AI sectors, following a rally post-election that has since cooled. The company's valuation has skyrocketed nearly 800% over the past two years, positioning it as a leader in the semiconductor industry. Analysts caution that sustaining such high expectations for earnings is becoming increasingly challenging, with recent forecasts predicting an 80% revenue increase. The market is closely monitoring how Nvidia's performance will impact the broader investment sentiment, especially given recent market volatility and the Fed's stance on interest rates.
Source: YAHOO