Nvidia’s $400 Billion Rally Is Set for Reality Check
- Stock has doubled this year, best performing member in S&P 500
- Analysts have barely tweaked estimates in the past six months
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The rally that’s added roughly $400 billion to Nvidia Corp.’s market value this year is about to be put to the test.
The chipmaker has been at the heart of this year’s stock market frenzy around artificial intelligence and quarterly earnings due after markets close on Wednesday will be scrutinized for evidence that spending on artificial intelligence computing is boosting sales.