Featured
article
- Get link
- X
- Other Apps
Markets Hold Breath Ahead of Nvidia’s High-Stakes Earnings
US stock futures were largely unchanged Wednesday morning as Wall Street awaited Nvidia’s much-anticipated quarterly results — a report seen as a key test for the AI-fueled market rally.
Futures tied to the Dow Jones Industrial Average edged up 0.30% to 45,418.07, while S&P 500 and Nasdaq 100 contracts hovered near the flatline. The calm followed modest gains in the prior session, with traders reluctant to make big moves before the chipmaker’s numbers drop after the closing bell.
Investor expectations for Nvidia are sky-high, with analysts forecasting record revenue and profit for the second quarter. The company’s results will also be closely watched for the impact of US restrictions on AI chip sales to China — a policy Nvidia has warned could cost it $8 billion in quarterly revenue.
Options markets are pricing in a potential 6% swing in Nvidia’s share price — equivalent to about $260 billion in market value — once the results are released. The stock was last trading at $181.77, up 1.09% in premarket action.
Beyond Nvidia, traders are monitoring bond yields, which remain near multi-month lows, and geopolitical developments including new US tariffs on Indian goods and EU-US trade negotiations. Energy markets were steady after a sharp drop in crude prices the previous day.
With the AI trade driving much of 2025’s equity gains, Nvidia’s performance and guidance could set the tone for the remainder of the year.
Popular Posts
Smart Savings for a Sharp School Start: Canadian Parents’ 2025 Guide
- Get link
- X
- Other Apps
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Comments
Post a Comment