Stocks Churn as Nvidia to Test $12 Trillion Rally: Markets Wrap
- Chipmaker at the heart of AI boom to report results Wednesday
- JPMorgan shares slide after Jamie Dimon’s buyback remarks
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The stock market hovered near all-time highs just a few days ahead of results from Nvidia Corp. — the last of the so-called Magnificent Seven companies to report.
In a highly anticipated event for both Wall Street and the tech world, the chipmaker at the heart of the artificial-intelligence frenzy that has powered the bull market will announce earnings Wednesday. Investors are waiting for evidence that the numbers — alongside guidance from chief Jensen Huang — will renew confidence in the insatiable demand for its chips.