All eyes are on Nvidia . Nvidia is slated to post fiscal second-quarter earnings after the bell Wednesday. Analysts have lofty expectations for the chipmaker, with Refinitiv averages pointing to a more than 300% year-over-year profit increase and revenue growth exceeding 60%. The report could also send ripples through the entire stock market . Nvidia is far and away the best-performing S & P 500 member this year, up more than 200% in that time.
mountain NVDA in 2023 The report will come during a tough time for the market. The S & P 500 is down more than 4% in August, on pace for its first monthly decline since February. Nvidia has also struggled this month, losing more than 2%. That puts it on track to post its first one-month loss since April. There are also concerns that this may be an overly crowded trade, which could prime it for a decline if Wednesday's report underwhelms Wall Street.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Leer más »
Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Leer más »
Wall St mixed as investors await Nvidia earnings, Jackson Hole meet By ReutersWall St mixed as investors await Nvidia earnings, Jackson Hole meet
Leer más »
Wall St set for higher open on Nvidia earnings optimism By ReutersWall St set for higher open on Nvidia earnings optimism
Leer más »