Shares of chip maker Nvidia Corp. are up more than 240% this year, helped by this year’s AI boom and record quarterly results. The company, worth around $1.2 trillion now, is big enough that it is expected to be the largest driver of profit growth for the S&P 500 index SPX overall for the third quarter. But to keep that rally going, Nvidia NVDA, which reports third-quarter results on Tuesday, will have to get past some already-lofty expectations. “In... Shares of chip maker Nvidia Corp.
are up more than 240% this year, helped by this year’s AI boom and record quarterly results. The company, worth around $1.2 trillion now, is big enough that it is expected to be the largest driver of profit growth for the S&P 500 index SPX overall for the third quarter. But to keep that rally going, Nvidia NVDA , which reports third-quarter results on Tuesday, will have to get past some already-lofty expectations. “In short, we expect nothing short of another strong quarter for NVDA, but think investors are already expecting this (i.
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