Nvidia earnings will be major test for AI demand, market rally

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Chavi Mehta

The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned. Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion, according to Refinitiv. Nvidia has only forecast revenue below estimates once in the past two years.

It now trades at nearly 40 times the consensus earnings for the next 12 months, much higher than AMD's 29.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Nvidia earnings will be major test for AI demand, market rallyA blistering rally in its shares means it has little room for any earnings-related disappointment
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Bruised Stocks Face Week Full of Tests, From Nvidia to PowellEquity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Futures climb as focus shifts to Powell at Jackson Hole, Nvidia earnings(Reuters) - U.S. stock index futures rose on Monday after a sharp selloff last week, with investors awaiting more clues on interest rates from an ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »