Investors look to AI-darling Nvidia’s earnings as U.S. stocks rally wobbles

, which also include Apple and Microsoft. The group’s collective rise was responsible for roughly two-thirds of the S&P 500′s increase through July.

“A little piece of good news in a stock that has been an important driver to the market could change the sentiment,” he said. In 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.

Options in Nvidia imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. That compares with the 8.6% average move logged by the stock on the day after the chipmaker has reported results over the last eight quarters. Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Analysis-Investors look to AI-darling Nvidia's earnings as US stocks rally wobblesBullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent Seven group of megacap stocks, which also include Apple and Microsoft.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Investors look to AI-darling Nvidia's earnings as US stocks rally wobblesBy Lewis Krauskopf NEW YORK (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S.
Source: SaltWire Network - 🏆 45. / 63 Read more »