Nvidia Earnings Are High-Stakes Event for AI-Crazed Markets
- Commentary on AI will set tone for the broader stock market
- Analysts say chipmaker is still cheap after tripling this year
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Big Tech’s earnings season is wrapping up with a bang: Nvidia Corp., at the center of the artificial intelligence frenzy, is reporting results that could set the tone for global stock markets for the rest of the year.
The chipmaker has added more than $370 billion in market value since its last update, and is the biggest contributor to the Nasdaq 100’s 36% rally this year. Nvidia’s processors are the picks and shovels in the AI gold-rush that has fueled markets this year, making its report much more significant than a typical earnings release.