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Analysts: market impact of NVIDIA earnings may be bigger than Fed Chair Powell's speech

Analysts: market impact of NVIDIA earnings may be bigger than Fed Chair Powell's speech

Bitget2024/08/28 13:05

Multiple analysts expressed market implications for NVIDIA's earnings, including: 
1.Bespoke Investment Group says it's hard to recall a time when so much was expected from a particular company's earnings report.
2. Weatherbush analyst Dan Ives said NVIDIA's earnings report is one of the most important moments on Wall Street in years, and that it is expected to be a “screamer.”
3. Anthony Saglimbene, a strategist at Ameriprise Financial, thinks NVIDIA's earnings report may actually have a bigger impact on the overall market than Fed Chairman Jerome Powell's speech at Jackson Hole last week.
4. Morningstar Chief U.S. Market Strategist Dave Sekera cheng ,If NVIDIA's revenue or net income comes in below expectations (which we don't think is likely to happen), or if next quarter's earnings guidance isn't strong enough, we could see a sell-off in NVIDIA and all AI stocks. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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