Wall Street is betting on a blowout
quarterly report from Nvidia on Wednesday, with its
stock near record highs as investors look for evidence that the
AI chipmaker can maintain its explosive growth.
"There is a lot riding on Nvidia s earnings. It is the most important stock in the sector," said Will Rhind, founder and CEO of GraniteShares, which runs an ETF that invests in the chip firm.
Wall Street Bets on Stellar Quarterly Results From Nvidia usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
NEW YORK, Feb 29 - The Nasdaq reached a record high close on Thursday
for the first time in over two years, its latest rally propelled
by investor optimism.
Nvidia's one-day increase in stock market value was the largest in Wall Street's history, easily beating a record $196 billion gain by Meta Platforms on Feb. 2 after the Facebook parent declared its first dividend and posted robust results.