Earnings from semiconductor
bellwether Nvidia on Wednesday are set to provide the
latest test for a U.S. stock market rally that has taken indexes
to record highs this year. A 90% run in.
Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in Nvidia’s shares this year has made it the third-biggest U.S. company by market value, trailing only Microsoft and Apple. Because Nvidia’s chips are the gold standard in artificial intelligence, its results are widely seen as a barometer for the burgeoning AI industry, whose evolution has stoked investor enthusiasm and helped drive the bull run in U.S. stocks.
Analysis-Earnings From AI-Heavyweight Nvidia to Test US Stocks' Record Run 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.
Nvidia s results come as the S&P 500, Nasdaq Composite and Dow Jones Industrial Average have all notched record highs this month after a turbulent April, boosted by a strong earnings season and renewed hopes that the U.S. economy is headed for a so-called soft landing.
Nvidia Is the Final Hurdle for Mega Tech's Earnings Victory Lap bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.