Reported about 1 month ago
As Nvidia prepares to announce its second quarter earnings, market strategist Thomas Hayes warns that the company's performance could heavily influence tech-heavy indexes. With expectations for earnings growth decreasing and Nvidia's valuation reaching a staggering $3.2 trillion, Hayes believes the stock is 'priced for perfection.' He anticipates a potential shift towards smaller-cap stocks as interest rates ease, highlighting that a disappointing earnings report from Nvidia could lead to broader market implications.
Source: YAHOO