Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....As Nvidia gets ready to announce its earnings for the second quarter of 2024, investors want to know if the darling of US chip stocks can regain recently lost ground.Revenue of $28,544 billion: +211.
Nvidia's data centre segment, which includes sales of GPUs, networking gear, and AI software, is projected to increase further as major hyperscale customers like Amazon AWS, Microsoft Azure, and Alphabet GCP are rapidly adopting Nvidia chips to power AI workloads. Demand slowdown in the PC market due to tough macroeconomic conditions may weaken graphics segment performance. This would dampen overall earnings growth.
Were it to be exceeded on a weekly chart closing basis on Friday, the way would be open for its June record high at $140.76 to be back in sight.
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