Nvidia Has Lots Riding on This Week Even as Earnings a Month Out

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Nvidia Corp. isn’t expected to announce earnings for another month, but results this week from the chipmaker’s biggest customers are about to set the tone for its shares, which are trading near an all-time high on optimism around the AI boom.

Jeran Wittenstein and Carmen ReinickeAllan Small, senior investment advisor of IA Private Wealth, joins BNN Bloomberg to share insights on how to approach investing in Nvidia, and Eli Lilly.

Wall Street expects the four tech giants to unveil a record amount of capital expenditures, but any disappointment around the pace of outlays stands to rattle Nvidia shares, which have almost tripled this year, adding more than $2 trillion in market value. It’s likely to be a pivotal stretch for the entire stock market. Nvidia has been the biggest contributor to the S&P 500 Index’s gains this year, accounting for about a quarter of its 22% advance.

All signs point to continued strength in AI-related spending. From chip equipment maker ASML Holding NV to Taiwan Semiconductor Manufacturing Co., AI has been a bright spot this earnings season. “You’ve got to walk that fine line of investment,” said Paul Marino, chief revenue officer at Themes ETFs, so that investors see you’re “not getting too far ahead of yourself.”

 

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