NEW YORK : Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks.Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial in
NEW YORK : Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks.
Yet the broader equity rally has recently faltered, with the benchmark index off more than 4 per cent in August as soaring Treasury yields threaten to dull the allure of stocks. The market's turbulence is intensifying focus on Nvidia's fiscal second quarter report, due after market close on Wednesday.
Some investors may already be placing bets on a repeat strong performance: Nvidia shares have jumped nearly 12 per cent since the start of last week, setting an all-time high on Tuesday before retreating. Such buildup in the shares, however, could make it more difficult for the company to surpass investor expectations with its Wednesday report.
Nvidia shares amount to the fifth-biggest weight in the S&P 500 and Nasdaq 100, at weights of 3.2 per cent and 4.3 per cent, respectively - meaning that moves in its stock price have an outsized sway on major indexes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia shares rise as AI boom lifts hopes of another strong revenue forecastNvidia shares rose on Tuesday before the bell in a buildup in expectations over the quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence.Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5 per c
Read more »
VMware, Nvidia target businesses that want their own AIVMware Inc on Tuesday said it has developed a new set of software tools in partnership with Nvidia Corp aimed at businesses which want to develop generative artificial intelligence in their own data centers rather than the cloud.VMware, which is close to being acquired by chip firm Broadcom Inc in a $69 b
Read more »
Nvidia options show traders positioned for outsized share move after earningsNEW YORK : Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed.Nvidia options imply a nearly 11 per cent swing for the shares, in either direction, by Frida
Read more »
Analysis:Arm's clients turn IPO into tug of war for chip influenceNEW YORK/SAN FRANCISCO : A scramble among Arm Holdings Ltd's clients, comprising the world's biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer's adherence to not picking sides in the chip industry. Customers of Arm that have held tal
Read more »
Analysis:Arm's China relationship complicates IPOThe upcoming listing of semiconductor technology firm Arm Holdings Ltd is supposed to be strong medicine for what has been ailing the U.S. IPO market, as well as provide a shot in the arm for Arm owner Softbank Group Corp.There is one complication, however. Almost a quarter of Arm's revenue comes from an
Read more »
Analysis: What HDB’s new Plus housing category could mean for resale value of flats in short and long termSINGAPORE — When the new Plus flats under the public housing authority’s new classification scheme hit the resale market about 15 years from now, there may be some “disparities” because of different resale restrictions for similar flats, property analysts said. However, this is a necessary bump to cross in o
Read more »