Is Nvidia's earnings report really make or break? Here's why we don't think so

📆 8/23/2024 5:44 AM
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The AI leading AI chipmaker has mounted a huge comeback rally into its earnings report next week.

Nvidia is set to report earnings next week, and investors are understandably on edge given the swings in shares of the artificial intelligence chipmaker over the past nine weeks since it briefly became the most valuable public company in the world. After sinking to a recent bottom under $100 per share in the broader market's Aug. 5 plunge, Nvidia has roughly gained 25%.

mountain Nvidia YTD Earlier this week , Jim Cramer turned to technical analyst and market historian Larry Williams for some help reading tea leaves. Williams believes Nvidia is the "lynchpin" of the market, so, in line with his cautious market view, he's expecting to see some selling pressure around the time Nvidia reports after the bell Wednesday.

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