Posted 2/21/2024, 12:20:00 PM
Nvidia Earnings Loom Large: AI Powerhouse Faces Growth Tests Amid Regulatory and Valuation Concerns
- Nvidia's earnings report today is highly anticipated as it plays a key role in AI and its stock has skyrocketed 230% in the past year
- Its business growth faces risks from regulations limiting its business in China which accounted for 20% of 2023 revenue
- Strong earnings from other tech giants using AI models bodes well for Nvidia
- Disappointing results could trigger a broader market sell-off with stocks dropping 10%
- Ark Invest's Cathie Wood has been selling Nvidia shares, saying expectations may be too high