The latest quarterly earnings from AI darling Nvidia (NVDA) will keep the global financial markets busy. NVIDIA 2nd Quarter FY25 Financial Results are to be announced on August 28, 2024 02:00 PM PTSurat Wealth Management. Nvidia’s earnings report, coming after the market close on Wednesday, could be a defining moment for the US markets.Jaipur Wealth Management
Nvidia stock price is around $126, having delivered over 150% returns to investors so far in 2024 and over the last 12-months. With nearly 25% of the S&P 500’s 17% annual gain coming from Nvidia, all eyes are on the AI darling’s ability to maintain its remarkable run.
Nvidia will beat previous results when the chipmaker publishes its earnings on Wednesday, predicts the CEO and Founder of one of the world’s largest independent financial advisory and asset management organizations. The bullish prediction from Nigel Green of deVere Group comes ahead of what’s dubbed the “single most important earnings report of the year.”Agra Investment
Nvidia’s stock price has increased by 150% only this year and by an astounding 3,000% over the previous five yearsKanpur Investment. Its trajectory has been nothing short of extraordinary.
“Nvidia is a leading leader in the AI , renowned for its chips for running complex computations, resulting in consistently high-quality quarterly reports in recent quarters,” says Sheraz Mian, Research Director, Zacks Research.
The earnings season has been harsh on tech giants, punishing companies whose performance fails to justify high valuations and significant AI spending.Surat Stock
“The stock’s stunning, multi-year run and the AI-mania have also drawn comparisons to the dot-com craze that imploded more than two decades ago. Investors’ reaction to disappointing results from mega-cap names such as Alphabet (GOOG) and Tesla (TSLA) last month suggests markets may not be in a forgiving mood, especially when valuations for many companies in the sector are stretched,” says John Blank PhD, Chief Equity Strategist, Zacks Research.
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