Wall Street has great expectations for Nvidia 's earnings on Wednesday, according to Evercore ISI. Yet how the artificial intelligence darling's stock will react is less clear — and it's likely to have big implications for the entire stock market, the firm said.
mountain Nvidia's one-year performance The stock price reaction is complicated by several factors, including the recent "Animal Spirits" that have been stirred up in the market with the meme stock trades , Emanuel explained. At the same time, volatility remains low — with the Cboe Volatility Index , or VIX, around 12 — and the S & P 500 trading at a "very lofty" 23.5 times last-twelve-month earnings, he said.
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