May 21, 2024 - Economy
Charted: Gearing up for Nvidia
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Nvidia earnings reports have become a spectacle in recent quarters, underscoring the AI boom and fueling the stock's meteoric rise.
Why it matters: The AI chips company — whose stock is up 97% this year — reports its fiscal Q1 earnings after the closing bell tomorrow.
What we're watching: Analysts are expecting quarterly revenue of $24.6 billion, according to S&P Global Market Intelligence.
- That would be well over triple the company's performance from a year earlier.
What they're saying: "With markets trending upward and emotions in check, Nvidia's performance will be pivotal in gauging the sustainability of the current market run and the potential for a more inclusive market rally," writes Nationwide chief of investment research Mark Hackett.
