Earnings report from Nvidia to test stock market rally with strong AI chip performance.

From Yahoo Finance: 2024-05-22 01:01:31

Earnings report from Nvidia set to test U.S. stock market rally that led to record highs; 90% increase in Nvidia’s shares this year, solidifying position as third-biggest U.S. company by market value behind Microsoft and Apple; Nvidia’s chips are leading in artificial intelligence, making the company a barometer for the AI industry and influencing broader markets; S&P 500, Nasdaq Composite, and Dow Jones all at record highs this month; Nvidia’s results could impact share prices of other AI-related companies. Share price volatility expected based on past performance and high expectations.



Read more at Yahoo Finance: Analysis-Earnings from AI-heavyweight Nvidia to test US stocks’ record run