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5 big earnings hits: Nvidia's bang-up Q2; retail's bottom-line beats By Investing.com

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5 big earnings hits: Nvidia's bang-up Q2; retail's bottom-line beats

) obliterated Wall Street expectations for Q2 and full-year revenue guidance as demand for its chips remains sky-high amid the race to adopt generative artificial intelligence.

That ebullient guidance, said Wedbush in a note to clients,"will be fuel in the engine to ignite a tech rally we see continuing into the rest of the year despite the recent pullback and Fed jitters." Morgan Stanley and Goldman Sachs maintained their buy ratings on the stock, with the former calling Q2"another exceptional quarter" and Goldman writing,"We expect Nvidia to maintain its status as the accelerated computing industry standard for the foreseeable future."

 

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