News Formal

Nvidia's blowout quarter is a bullish signal for stocks, but not right now, investors say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Some on Wall Street expect equities will continue to churn through some seasonal weakness.

Nvidia's blowout quarter was a positive signal for stocks, but maybe not at just this moment, some investors say. "We're bullish on the market, but more in the fourth quarter than the fall," said Infrastructure Capital Management CEO Jay Hatfield. The investor expects the S & P 500 will close the year up at 5,000, which is roughly 12% above where the index closed Wednesday.

We think it's fine to hold things," Hatfield said. "We happen to be right in the middle of our range, so that would argue for being neutral." Still, Hatfield said he is incredibly bullish on the prospects for Nvidia, and said he hiked his earnings estimates for fiscal year 2025 to $20 from $12 following its latest blowout results . "It's really hard to understate how powerful the demand is for Nvidia chips.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »

How Nvidia earnings could send ripples through Wall StreetNvidia is slated to post fiscal second-quarter earnings after the bell Wednesday. Analysts have lofty expectations for the chipmaker.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »