Tech Markets Anticipate Nvidia Earnings: A Catalyst for AI Stocks
Impact of Nvidia’s Earnings on Tech Markets
Nvidia is scheduled to release its second-quarter earnings report on Wednesday, and stakes are high for the leading artificial intelligence name. While the bulls are gearing up for another blowout performance, some analysts have been more cautious. Anticipation is high as the chipmaker has essentially become a bellwether for the wider AI trade, and negative or positive surprises have the potential to rock the market.
What Analysts Expect
- Most analysts expect the semiconductor firm to beat estimates.
- This trend has been set in previous quarters, solidifying Nvidia's dominance.
- Past performance has earned Nvidia a reputation for strong earnings.
As the tech industry embraces Nvidia's hardware as the bread-and-butter of the AI buildout, its stock was down around 1.64% heading toward the earnings release, trading at around $126 per share.
Wall Street Outlook
Here is what Wall Street is saying about the upcoming second-quarter results, which will be released after the closing bell.
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