Durable Goods Orders Increase Highest Since May 2020.
There's reason to believe that Nvidia Corp (NASDAQ: NVDA) will extend its gains in the coming months even though it's already up some 30% versus its August low. Part of it may be related to a positive comment that Sundar Pichai – the chief executive of Google made on the company's latest earnings call.
Earnings season is nearing its end, with the vast majority of S&P 500 members already delivering quarterly results. The Q2 cycle has overall been resilient, underpinned by a strong showing from Tech, with the same expected for the current period (Q3).
The highly anticipated earnings report could make or break the stock market.
If a CEO sells shares of his company's stock, it's not necessarily a cause for concern for shareholders.
Wall Street has high expectations for Nvidia heading into its fiscal 2025 Q2 earnings release on Aug. 28. AI spending continues to ramp up among large tech companies, and that's a promising sign for Nvidia.
The whole investing community is hotly anticipating Nvidia's earnings release on August 28. The company is still in a great position to continue delivering results.
After several years of explosive growth, it won't be easy for Nvidia to continue impressing the market. There are several reasons to be cautious about the future of this stock.
Markets Rally As Powell's Comments Boost Investor Confidence Near Highs
Nvidia's GPUs are central to the AI revolution. The company's Cuda software creates significant competitive advantages.
As NVIDIA NASDAQ: NVDA prepares to report its fiscal second-quarter earnings on Wednesday, August 28, after the market close, a surge of analyst upgrades has captured investor attention. With the company already thriving in the technology and artificial intelligence sectors, the critical question is whether now is the right time to buy.
Despite its impressive growth, Nvidia's valuation has come under increased scrutiny amidst concerns of an AI market bubble.