U.S. stock futures were flat Tuesday night as investors waited in anticipation for chipmaker Nvidia's quarterly earnings announcement Wednesday after the bell.Wall Street is keeping an eye on Nvidia, the leader of the artificial intelligence trade, to gauge the broader sustainability of the broader tech and AI trade. The semiconductor giant has surged 159% in 2024, raising questions of how much more room there is for the stock to run.
3 red flags that you and your friend should not go on vacation together—and more advice for group tripsTo be sure, Browne noted that other AI stocks are trading around 10% below their all-time highs. Nvidia's current valuation isn't expensive relative to the five-year average, she added. "So while certainly there's a lot of optimism priced in, I think that they still can deliver upside and surprise the market to the upside," Browne said.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Elsewhere on the earnings front, Bath & Body Works, Foot Locker and Kohl's are some of the names slated to report their quarterly results Wednesday morning. In addition to Nvidia in the afternoon, investors will also be looking toward Salesforce's earnings.Stocks making the biggest moves after hours: Nordstrom, SentinelOne and moreillinois news
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