News Formal

Is Nvidia's earnings report really make or break? Here's why we don't think so

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 72%

Technology News

Breaking News: Technology,Microsoft Corp,Meta Platforms Inc

The AI leading AI chipmaker has mounted a huge comeback rally into its earnings report next week.

Nvidia is set to report earnings next week, and investors are understandably on edge given the swings in shares of the artificial intelligence chipmaker over the past nine weeks since it briefly became the most valuable public company in the world. After sinking to a recent bottom under $100 per share in the broader market's Aug. 5 plunge, Nvidia has roughly gained 25%.

mountain Nvidia YTD Earlier this week , Jim Cramer turned to technical analyst and market historian Larry Williams for some help reading tea leaves. Williams believes Nvidia is the "lynchpin" of the market, so, in line with his cautious market view, he's expecting to see some selling pressure around the time Nvidia reports after the bell Wednesday.

 

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

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.

Nvidia earnings preview: Blackwell commentary to overshadow guidance numbersNvidia earnings preview: Blackwell commentary to overshadow guidance numbers
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia Resumes Uptrend, But Can It Reclaim ATH Ahead of Earnings?Stocks Analysis by Investing.com (Günay Caymaz) covering: NVIDIA Corporation, Advanced Micro Devices Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »