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Nvidia's impact on S&P 500 earnings growth: Chart of the Day

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Nvidia Noticias

Julie Hyman,Equity Market

Nvidia's (NVDA) first-quarter earnings are highly anticipated as the chip company's stock closed at a record high on Tuesday. Yahoo Finance's Julie Hyman...

Expectations for Nvidia's latest report, they are sky high and the tech giant even closed at an all time record.The tech giant is gonna add nearly 2.5% of eps growth to the first quarter of the year.

If you look at the out quarters in the estimates as well, you're looking at it alone accounting for at least a percentage point of earnings per share growth for the S and P 500 even as far as in the fourth quarter when it's looking like, you know, well, a little bit smaller at that point as the growth gets a little bit smaller.

And you can see there has been an explosion last year around this time when there was really this ramp up in demand for generative A I and for the GP U that makes to power the training of all of these large language models. But also it's presumed that there will be more competition in this market that both the other chip companies will have developed their alternatives.

'The real AI darling': This data-center stock has beaten Nvidia by 310% since last year's blockbuster earnings

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