News Formal

Nvidia’s earnings will test the S&P 500’s US$4 trillion recovery

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 49 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 82%
  • Publisher: 50%

Artifical Intelligence Notícia

Business,Company News,Computers

The almost US$3 trillion rally in Nvidia Corp. shares over the roughly two years since ChatGPT’s unveiling has virtually rewired the U.S. stock market, giving the artificial intelligence chipmaking giant an outsized influence on a bevy of equity indexes.

Jonathan D. Corpina, senior managing partner at Meridian Equity Partners, joins BNN Bloomberg to discuss markets awaiting Nvidia's earnings tomorrow.

Going by the options market, Nvidia’s results are expected to send its shares careening nearly 10 per cent in either direction — a move that would shuffle some $300 billion in market cap. And that’s just its own stock. The chipmaker accounts for 6.7 per cent of the S&P 500, making it the second biggest company in the broad equities benchmark after Apple Inc.

That pivotal role has effectively transformed the once obscure semiconductor manufacturer into a key measure of U.S. economic strength. “Concerns about the Blackwell chip delay could weigh on the upside to expectations for fiscal 2025, making management’s comments — especially a reassuring 2025 outlook — critical,” Bloomberg Intelligence analysts led by Kunjan Sobhani wrote in an Aug. 21 note.Any commentary about Blackwell on the call is going to be dissected like a U.S. Federal Reserve announcement, according to Howard Chan, chief executive officer at Kurv Investment Management.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: S&P 500, Nasdaq slump as Nvidia struggles ahead of earningsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

The US labor market's relationship to S&P 500 earningsThe labor market is a crucial factor in the Federal Reserve's decision-making process, particularly when it comes to interest rate adjustments. However, the ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

S&P/TSX composite down Tuesday, U.S. markets move higher ahead of Nvidia earningsTORONTO — Canada's main stock index moved lower on Tuesday, weighed down by energy stocks as oil prices retreated, while U.S. markets inched higher and the Dow added a few points to Monday's record high. U.S.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Nvidia helped the stock market storm back, but this summer’s broadening theme never went awayA massive rally in Nvidia and the tech sector has overshadowed a solid performance from the rest of the S&P 500 as the index moves toward record highs.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

US Q2 earnings growth estimate dips to 12.9% Fri from 13.3% ThursThe earnings growth estimate for S&P 500 companies for the second quarter has dipped to 12.9% as of Friday from 13.3% on Thursday, according to LSEG data...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »