Other retailers report today, including department store operator Kohl's , which beat expectations and reaffirmed its full year guidance.The earnings highlight, however, is likely to come after the closing bell, as the world’s most valuable chip designer, Nvidia , releases its latest quarterly numbers.
The California-based company, which manufactures the graphics processors that power generative artificial intelligence, has been at the center of global euphoria around the development of the nascent technology. Its shares have tripled this year, propelling the stock's market capitalization to above $1 trillion, and its outlook for the rest of the year could influence the near-term course of not only the AI boom, but broader market sentiment.
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