Nvidia earnings will be major test for AI demand, market rally

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

By Chavi Mehta (Reuters) - Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Chavi Mehta

The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned. Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion, according to Refinitiv. Nvidia has only forecast revenue below estimates once in the past two years.

It now trades at nearly 40 times the consensus earnings for the next 12 months, much higher than AMD's 29.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nvidia earnings will be major test for AI demand, market rallyA blistering rally in its shares means it has little room for any earnings-related disappointment
Source: globeandmail - 🏆 5. / 92 Read more »

Bruised Stocks Face Week Full of Tests, From Nvidia to PowellEquity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Futures climb as focus shifts to Powell at Jackson Hole, Nvidia earnings(Reuters) - U.S. stock index futures rose on Monday after a sharp selloff last week, with investors awaiting more clues on interest rates from an ...
Source: SaltWire Network - 🏆 45. / 63 Read more »