Investors look to AI-darling Nvidia's earnings as US stocks rally wobbles

a beneficiary of the rise of ChatGPTIn one sign of AI's overall market boost, a Societe Generale analysis zeroing in on 20 stocks widely owned by AI-related exchange-traded funds found that removing those stocks from the S&P 500 would cut index performance by roughly 13 percentage points, leaving it with only a marginal gain for the year.

"My guess is the numbers are going to be just fine, but is it going to be enough?" said Chuck Carlson, chief executive officer at Horizon Investment Services. "If it's not, you could see a continuation of the sell-off that we have had here in the last month or so."for the shares, in either direction, by Friday, according to Trade Alert data. That compares with the 8.

Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks. Nvidia was one of 11 stocks named by Goldman Sachs as near-term beneficiaries of the "AI revolution." In a Monday note, Goldman analysts said an equal-weighted basket of those 11 stocks had returned 69% so far in 2023, outpacing a 7% gain for the overall equal-weight S&P 500.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Nasdaq gain as investors await Nvidia earnings, Jackson Hole meetThe S&P 500 and Nasdaq climbed on Monday as Nvidia shares rose ahead of the chip designer's earnings this week, with investors also focused on a meeting of central bank policymakers for clues on the U.S. interest rate path.
Source: Reuters - 🏆 2. / 97 Read more »

Wall St mixed as investors await Nvidia earnings, Jackson Hole meet By ReutersWall St mixed as investors await Nvidia earnings, Jackson Hole meet
Source: Investingcom - 🏆 450. / 53 Read more »

Stock futures are little changed as investors look ahead to next batch of corporate earnings: Live updatesInvestors looked ahead to earnings from Nvidia and other big-name stocks.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

This chip stock could yield a quick profit, depending on Nvidia's earnings, Morgan Stanley saysHow well Nvidia performs Wednesday could have implications for this derivative play, according to Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what analysts are saying after Palo Alto Networks' second-quarter earningsAnalysts are relieved and bullish on the cybersecurity stock after fourth quarter earnings.
Source: CNBC - 🏆 12. / 72 Read more »