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The Risk Of Buying Nvidia Before It Reports Earnings…

August 28, 2024
in Trade Tube
Reading Time: 1 min read
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Nvidia is barreling toward an earnings report Wednesday afternoon that will provide critical insight into the trajectory of the boom-or-bubble AI economy.

Why it matters: The chip giant’s fate directly reflects how much other companies are investing in AI development, a subject that’s been driving the stock market to new all-time highs.

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By the numbers: Analysts are expecting quarterly revenue of $28.73 billion and net income of $14.91 billion, according to S&P Capital IQ.

#nvidia #earningsreports #stockmarketnews

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