Nvidia's bloated valuation and high price-to-earnings ratio poses a threat to the stock market, as investors may realize the company is not as strong as perceived, leading to a potential sell-off that could affect the entire market.
Nvidia's upcoming earnings report, expected to show a 65% increase in revenue, could have a significant impact on global stock markets and sentiment around the AI industry.
Stock indexes are modestly higher on strength in technology stocks, with Nvidia up more than +1% in pre-market trading, while a decline in bond yields is supportive for stocks; however, weakness in activewear apparel makers, following Foot Locker's -30% plunge, is limiting gains in the overall market.
Investors are looking forward to after-the-bell earnings from Nvidia as the Dow, S&P 500, and Nasdaq are set to open slightly higher; Apple is now the most under-owned large-cap U.S. tech stock while Meta Platforms is the most over-owned.
Nvidia stock rises ahead of quarterly earnings report as analysts expect strong results due to high demand for AI products and services.
U.S. stocks closed higher as shares of Nvidia surged ahead of their quarterly results, boosting tech stocks and extending the year's rally, while weak business activity data and falling Treasury yields also supported the market.
Nvidia's strong earnings report has implications for other chip and AI stocks, leading to a potential rally attempt in the market, while Dow Jones and S&P 500 futures are mostly flat.
Stocks rise as investors await results from chipmaker Nvidia, while retail stocks like Foot Locker and Peloton experience significant drops.
Nvidia's strong second-quarter earnings beat expectations, propelling stock futures higher and indicating continued investor interest in artificial intelligence.
Stocks surged as optimism built ahead of Nvidia's earnings report, despite disappointing economic data and mixed retail earnings, with Foot Locker's share price sliding and Abercrombie & Fitch beating expectations. Nvidia reported strong earnings, with revenue doubling, and investors are particularly interested in the company's comments on meeting the demand for AI chips and the future of the AI space.
Nvidia's stock is surging as its stellar earnings alleviate concerns about supply constraints and the role of Chinese customers in driving demand.
Nvidia's stock rose 5% after the company reported better-than-expected earnings, strong guidance for the upcoming quarter, and increased demand for its datacenter products.
Nvidia Corp. has exceeded Wall Street expectations with its record earnings and blowout forecast due to skyrocketing demand for AI-chip systems, leading to a remarkable supply chain performance and impressive growth in revenues, with the company only meeting about half of the demand.
Stocks closed lower Thursday despite Nvidia's blowout earnings results, as new data brought mixed signals for the economy’s trajectory and big tech stocks like Tesla and Amazon.com dragged down major indexes.
Despite Nvidia's strong earnings, stocks closed lower due to mixed economic signals and the decline of big tech stocks such as Tesla and Amazon.com. Investors are awaiting Jerome Powell's speech for insight into interest rates, while the 10-year Treasury yield climbed and Dollar Tree's stock fell.
Nvidia's Q2 earnings exceeded expectations, suggesting the company may be gaining a stronger foothold in the chip market.
The three major U.S. stock indexes ended down over 1% each, with the Nasdaq leading the decline, as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech and despite Nvidia's strong forecast and stock buyback announcement.
Chip stocks, including Nvidia, experienced a selloff in the technology sector despite Nvidia's strong performance, leading to concerns that spending on AI hardware may be affecting traditional chip companies like Intel.
Nvidia's blowout earnings were expected to boost the stock and index futures, but the Federal Reserve's decision to move interest rates will have a greater impact on the market.
Nvidia's earnings beat Wall Street estimates by 29.7%, but investors were not rewarded as the stock price declined, highlighting the difficulty of making money from actual events.
Nvidia's stock is trading at its lowest forward earnings multiple in eight months, despite strong quarterly results and a surge in demand for its chips due to the artificial intelligence boom.
Nvidia shares reached a record high and a $1.2 trillion market capitalization for the first time, putting them on track for their best year ever, after the company's blowout earnings report impressed investors.
Nvidia's shares reached a record high after the chipmaker announced its partnership with Google, while the court ruling against the SEC's denial of Grayscale's Bitcoin ETF provided a boost to cryptocurrency markets; however, economic data, including lower consumer confidence and a decline in job openings, raised concerns.
Nvidia's stock slips after reaching a record high, but analysts suggest that the chip maker may still be a bargain.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Nvidia's market cap rose in August due to strong profit forecasts, while other tech giants like Apple and Microsoft saw declines, and Berkshire Hathaway and Tencent had mixed performances.
Semiconductor stocks, particularly Nvidia, have outperformed the market due to the high demand for chips in AI applications, making Nvidia the better AI stock to buy compared to Intel.
Wall Street's major indexes closed slightly higher but posted weekly declines as investors remained concerned about rising interest rates and awaited U.S. inflation readings.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
Stock indices closed higher today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the healthcare sector lagged behind; the U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve lowered its GDP growth estimate for the third quarter. Additionally, Fitch Ratings revised its global growth forecast for 2023 due to concerns about China's real estate sector, and economic data showed an increase in wholesale inflation and retail sales.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
Stock indices finished today’s trading session slightly higher, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all seeing modest gains, while the consumer discretionary sector fell and the energy sector rose.
