Nvidia’s Earnings Report Is Tomorrow, Here’s Everything That Could Go Down
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There are two options basically: things could go up or, get this, things could go down.
Yes, the world’s most valuable company (we’re talking $4 trillion-valuable) is due to reveal its quarterly earnings at the close of play on Wednesday, and it’s due to have wide-ranging implications for Wall Street, the tech industry and you, yes, YOU.
AI stocks have been in a weird place recently, with a bunch on the slump but maybe because they’ve not been AI-ing enough? Nvidia’s earnings report could restore faith in the industry as a whole. No pressure, then.
So much is riding on tomorrow that the opposite could happen and if Nvidia produces anything less that an insanely stellar report card, AI, tech and all other stocks in general might get pulled down a peg or two.
Earnings Shmernings
Options pricing says that the Nvidia could go as much as 6% either way. So, the point is, no one knows. Be ready for everything. Like a boy scout.
Given that Nvidia accounts for roughly 8% of the S&P 500’s entire value, the waves from this boulder drop will be huge whatever happens.
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