All eyes are on Nvidia . Nvidia is slated to post fiscal second-quarter earnings after the bell Wednesday. Analysts have lofty expectations for the chipmaker, with Refinitiv averages pointing to a more than 300% year-over-year profit increase and revenue growth exceeding 60%. The report could also send ripples through the entire stock market . Nvidia is far and away the best-performing S & P 500 member this year, up more than 200% in that time.
mountain NVDA in 2023 The report will come during a tough time for the market. The S & P 500 is down more than 4% in August, on pace for its first monthly decline since February. Nvidia has also struggled this month, losing more than 2%. That puts it on track to post its first one-month loss since April. There are also concerns that this may be an overly crowded trade, which could prime it for a decline if Wednesday's report underwhelms Wall Street.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »