News Formal

Nvidia earnings — not Powell's speech — will be the big catalyst to end summer, Bank of America says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 72%

Breaking News: Investing News

Wall Street,Business,Markets

Stocks were up on Monday, but may be getting a bit ahead of themselves before Powell's speech.

Nvidia is on investors' minds as an eventful summer comes to a close. The big market catalyst to cap a remarkable month will be the AI chipmaker's earnings results next week, not Federal Reserve Chair Jerome Powell's speech at Jackson Hole, according to Bank of America. Nvidia reports next Wednesday, Aug. 28, while Powell speaks this Friday, Aug. 23.

mountain Nvidia Nvidia's earnings results should instead serve as the next big catalyst for the AI bellwether, as well as the broader market, especially as investors pay more attention to growth than they do inflation. "Growth is in the driver's seat. While the Fed is unlikely to 'out-dove' the market at Jackson Hole, as long as growth is OK, equites can withstand a less-dovish Fed," Kwon wrote.

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:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America saysThe Wall Street investment bank said investors should buy these top tech stocks right now.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: CrowdStrike, Bank of America, Nvidia, Verizon and moreThese are the stocks posting the largest moves in early trading.
Source: CNBC - 🏆 12. / 72 Read more »