Can Nvidia Earnings Accelerate the Market?
Here's a look at what I'll be watching this week in the markets. The biggest name this week is arguably the biggest earnings report of 2024 so far: Nvidia, whose artificial intelligence-enabling chips have shot the stock 50% higher since the ball dropped to start the year. Those earnings are important for the company itself, but they might also be pivotal for investor sentiment toward big technology stocks and AI-driven upstarts. Tune in to CNBC Overtime for all the analysis.
Tuesday, 2/20
Earnings Before the Bell
HD: The Home Depot
MDT: Medtronic
WMT: Walmart
Earnings After the Bell
CSGP: CoStar Group
FANG: Diamondback Energy
KEYS: Keysight Technologies
PANW: Palo Alto Networks
PSA: Public Storage
Wednesday, 2/21
FOMC Member Bostic Speaks
FOMC Member Bowman Speaks
FOMC Meeting Minutes
Earnings Before the Bell
NI: NiSource
ADI: Analog Devices
Earnings After the Bell
ANSS: Ansys
NVDA: NVIDIA
SNPS: Synopsys Inc
ETSY: Etsy
Thursday, 2/22
S&P Global PMI Data
Fed Governor Jefferson Speaks
Earnings Before the Bell
MRNA: Moderna
Earnings After the Bell
INTU: Intuit
Leading Payroll Ops, Driving Performance
9 个月revenue 22.1B - 265% increase y-y and eps at 5.16, 5X y-y increase in datacenter, gaming up 56% 0- financials are outstanding - no one can stop them at least for the next 10 years .... NVDA to the moon. ??
Senior Public Relations and Corporate Communications Professional
9 个月Hope you survive Jon!
Vice President Corporate Communications
9 个月Big week. Excited to see Nvidia and Synopsys. Synosys doesn’t seem to get as much attention but their stock has done really well.
Innovation Driver | Serial Entrepreneur | Digital Marketing | Nonprofit Fundraising | Social Media Strategy | Blockchain Technology | AI Enthusiast | Love LI Polls ??
9 个月Exciting times ahead in the market! ??
Economist -> Portfolio Manager | Tedx Speaker | Researcher | Econometrician | SSRN Top 2% Author Worldwide (rank 39,525 out of 1,923,713)| Disclaimer: Views are my own.
9 个月My personal view on Nvidia: The future price and earnings of NVIDIA are heavily influenced by its prospects in the data centre, #AI and #GPU. I foresee significant growth in the AI processor market, presenting ample opportunities for Nvidia's revenue expansion. However, competition may arise from external chipmakers like AMD or Intel Corporation, as well as in-house solutions developed by hyperscalers such as Google or Amazon. According to Morningstar Economic MOAT, Nvidia currently boasts a Wide Moat, which I believe will strengthen further. This confidence stems from Nvidia's established leadership position and early development of GPUs, which are utilized in applications like ChatGPT, AI, and crypto mining. Moreover, Nvidia's offerings such as #Cuda, #DGX solutions, and the acquisition of #Mellanox further solidify its competitive edge. Overall, I don't anticipate any emerging companies posing a significant threat to Nvidia or AMD in the GPU market. (Disclaimer: Personal views for discussion purposes only)