What's Happening to the AI Rally? Billionaire Investor Stanley Druckenmiller Just Exited Nvidia and Is Now Piling Into Bank Stocks.
As Wall Street looks forward to Nvidia's (NASDAQ: NVDA) earnings report after the close of the bell on November 20, key insights from the report are likely to dictate the stock's trajectory.
A look at the day ahead in U.S. and global markets from Mike Dolan
Nvidia Corp investors appeared in a cautious mood as the chipmaking giant's Wednesday results drew ever closer. Shares sat flat in pre-market trading on Wednesday ahead of the third quarter update, having surged by 4.9% through Tuesday and by 5.4% since the start of the week.
Nvidia released numerous AI solutions in the software and hardware market.
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Things continue to look up for NVIDIA, with earnings growth expected +85% year over year, +82.66% on revenue.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
'Fast Money' traders talk what they are watching out of Nvidia's earnings tomorrow.
On today's installment of Good Buy or Goodbye, Yahoo Finance host Julie Hyman welcomes Hennion & Walsh chief investment officer Kevin Mahn to discuss the semiconductor sector and Nvidia's (NVDA) upcoming third quarter earnings report. Mahn explains that Nvidia is only getting bigger and that the company is aiming to become the “hub of the AI ecosystem,” moving beyond chips and data centers and into software, as well.
Similarities abound to Michael Jordan and the Chicago Bulls — only this time for Nvidia bulls.