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Nvidia earnings report determines the stock market - financial expert analyzes impact on AI euphoria and tech stocks.
According to a report from finanzmarktwelt.de, stock markets in the US and around the world are facing a potential big change as chip maker Nvidia, at the center of the AI boom, has released its quarterly results. Expectations are high, and analysts expect the company's forecasts to have a strong impact on the stock market. Nvidia has reached a market value of over $370 billion this year and is a major contributor to the Nasdaq 100's rally. The chipmaker is a leader in artificial intelligence and its quarterly results could lift sentiment around the AI thesis that has driven the market...
Nvidia earnings report determines the stock market - financial expert analyzes impact on AI euphoria and tech stocks.
According to a report from finanzmarktwelt.de, stock markets in the US and around the world are facing a potential big change as chip maker Nvidia, at the center of the AI boom, has released its quarterly results. Expectations are high, and analysts expect the company's forecasts to have a strong impact on the stock market.
Nvidia has reached a market value of over $370 billion this year and is a major contributor to the Nasdaq 100's rally. The chipmaker is a leader in artificial intelligence and its quarterly results could have a significant impact on sentiment around the AI thesis that has driven the market.
Analysts have raised their expectations for Nvidia, expecting a 65% increase in sales compared to the same period last year. Options market activity suggests the stock price could rise or fall 10% the day after the report, which would also impact other artificial intelligence companies such as Alphabet Inc. and Microsoft Corp. will have.
A positive Nvidia report could help reinforce the belief that AI has the potential to increase productivity and profits across many industries. This could have a positive impact on the broader stock market, especially given headwinds such as higher interest rates and an economic slowdown.
However, there are also warnings about possible disappointments that could affect the entire stock market. Some on Wall Street see TSMC's chip availability as a potential problem, but most expect it won't materially impact Nvidia's stock if forecasts are met.
Overall, Nvidia's report is expected to have a significant impact on the AI and technology industries as well as the stock market as a whole, and investors will be eagerly awaiting the company's results and forecasts. It remains to be seen whether the AI euphoria is a stock market bubble or whether it will have a long-term impact on productivity and profits.
Read the source article at finanzmarktwelt.de