Nvidia Is the Final Hurdle for Mega Tech’s Earnings Victory Lap
- Quarterly profits have been strong, helping to lift stocks
- Chipmaker reports Wednesday, has added $1.5 trillion in a year
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A surprisingly strong earnings season for big tech reaches its grand finale Wednesday afternoon when Nvidia Corp., the artificial intelligence chipmaking giant, reports its results and gives a much anticipated outlook that could set the tone for the second half of the year.
Investors were nervous as technology companies started reporting, with questions about whether the AI boom had run too far and if the group could meet the lofty expectations set for it. A month later, most of those concerns have been put to rest with the S&P 500 Index sitting at an all-time high on the back of strong corporate profits.