Reported 30 days ago
Nvidia Corp. is set to face significant influence from earnings reports of major customers like Microsoft, Amazon, and Alphabet this week, despite its own earnings announcement being a month away. These reports are critical as they will indicate capital spending trends that directly affect demand for Nvidia's AI-focused chips, which have propelled the company’s stock to near-record highs. Wall Street anticipates a substantial capital expenditure from these tech giants, and any signs of disappointment could dampen Nvidia's recent market momentum and its hefty market valuation.
Source: YAHOO