Earnings from AI-heavyweight Nvidia to test U.S. stocks’ record run

) on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year.

At the same time, Nvidia’s growing weighting in indexes and exchange-traded funds has given its share price moves an outsized influence over broader markets. The stock now has a weighting of over 5% in the S&P 500, while accounting for 6.5% of the Nasdaq 100 and 20% of the VanEck Semiconductor ETF ( Nvidia’s presence in AI means “what they report can have a pretty significant bearing on a perception of the major investment theme that’s out there right now,” said Chuck Carlson, chief executive officer at Horizon Investment Services. AI is “touching every single area, and the nexus of all that is Nvidia,” he said.

Nvidia, by contrast, was recently about 2% from its all-time intraday high ahead of its report. The company’s quarterly revenue is expected to roughly triple to $24.6 billion, according to LSEG. To be sure, Nvidia’s surging share price means the company must meet a high bar to support its stock. For example, some investors may be looking for the company to report particularly powerful revenue and project it to be robust going forward.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Nvidia's earnings may not move the stock muchNvidia reports its fiscal 2025 first quarter results on Wednesday, May 22, after the market close.  Aptus Capital Advisors Portfolio Manager David...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Earnings from AI-heavyweight Nvidia to test US stocks’ record runEarnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia earnings, FOMC minutes, housing data: What to watchYahoo Finance's Julie Hyman and Josh Lipton break down what to watch on Wednesday, May 22. Several companies are set to report their earnings, with Nvidia...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »