Nvidia’s High-Stakes Earnings Has Entire Market on Edge
- Wall Street anticipates 240% revenue growth year-over-year
- Stock is up about 35% in 2024, even after tumbling Tuesday
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Nvidia Corp.’s market-leading advance has left even the bulls questioning if an earnings beat will be enough to propel the AI chipmaker’s shares higher.
The key now, for Nvidia and the entire market, is whether the company can meet revenue estimates and assure investors that it sees further growth in generative artificial intelligence. Goldman Sachs Group Inc.’s trading desk has called it “the most important stock on planet earth,” given its outsize influence on equity gains this year.