1 week ago
Key Takeaways
- Nvidia is group to study net aft nan doorbell Wednesday, pinch investors apt watching what nan chipmaker's results could opportunity astir artificial intelligence (AI) demand.
- LPL Financial Chief Global Strategist Quincy Krosby said Nvidia's results could beryllium viewed arsenic a "tell" for nan AI spending outlook.
- Strong maturation would bespeak robust request for AI infrastructure, and could boost investor sentiment for Nvidia, its partners, and others successful nan AI space.
Artificial intelligence (AI) chipmaker Nvidia (NVDA) is group to study its fiscal second-quarter earnings aft nan doorbell Wednesday, pinch investors apt watching what its results could awesome astir nan spot of AI demand.
Nvidia's earning results could beryllium "viewed globally arsenic nan astir important 'tell' astir nan outlook for AI spending," LPL Financial Chief Global Strategist Quincy Krosby said Wednesday, up of Nvidia's results.
Nvidia's Earnings Expected To Signal Strong AI Demand
Krosby said that based connected analysts' projections, Nvidia's results are expected to "confirm that request remains strong," which could boost investor sentiment for nan banal and others successful nan AI space.
Nvidia has established itself arsenic an early victor of nan AI boom, pinch shares much than doubling successful worth from nan commencement of nan year, contempt immoderate headwinds successful caller months.
Many of Nvidia's partners for illustration Arm (ARM) and Micron Technology (MU), arsenic good arsenic different companies successful nan AI space, person climbed since nan commencement of nan twelvemonth amid expectations of AI-driven growth.
Nvidia shares were 1.9% little astatine $125.84 Wednesday afternoon, up of nan company's earnings, though astir analysts maintained a "buy" aliases balanced rating for nan stock, anticipating further gains.
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