According to the Daily Economic News of August 27, the three major indexes of US stocks closed mixed on Monday, with the Dow up 0.
16%, the Nasdaq down 0.
85% and the S & P 500 down 0.31%. By the close, Nvidia was down more than 2%.
This week, investors focused on Nvidia’s second-quarter results, which will be released on Wednesday afternoon local time.
Traders are extremely concerned about the results, which are seen as the key to the market and the artificial intelligence boom that is driving the bull market.
, “I think the tech industry is a little anxious about the upcoming Nvidia results,” said Ross Mayfield, an analyst at Baird.
“the market is in a pretty healthy state right now, but if the technology sector lags behind, it’s hard to make more progress-it weighs too much in the index-and now it’s really acting like a laggard.” . Nvidia’s report card is not only related to itself, but also related to the global technology and even the financial industry chain.
Wall Street analysts expect Nvidia’s second-quarter revenue to be $28.
6 billion, up 112% from a year earlier, according to public data.
Although it has slowed sharply from 250 per cent growth a year ago, it will be the fifth consecutive quarter of triple-digit growth for Nvidia.
Meanwhile, quarterly revenues are expected to reach $40 billion in July, an increase of just 40 per cent.
Wall Street also estimated Nvidia’s earnings per share (EPS) at cents in the second quarter, compared with 27 cents in the second quarter of last year.
In addition to the specific performance, the update on the potential delay of the new generation of Blackwell chips will also be the focus of investors’ attention.
Overall, Wall Street is still generally bullish on Nvidia shares.
As of Thursday, 66 analysts had a buy rating on the stock, seven suggested holding and only one had a sell rating.
KeyBanc, Citigroup, Goldman Sachs and HSBC all reiterated their optimism about Nvidia before the results were announced.
Nvidia’s shares have risen 180 per cent over the past year and nearly 2900 per cent over the past five years.
, according to media reports, Dan Ives, a prominent technology analyst at Wedbush Securities Securities, called Nvidia’s earnings this week “the most important revenue for the technology industry in years.
” “there is one enterprise in the world that is the foundation of the AI revolution, and it is Nvidia.
Huang Renxun, the godfather of AI, has the best industry position and position to discuss the overall demand for AI technology and the future demand for Nvidia AI chips.
” In his view, Huang Renxun will not disappoint the market and will launch a new “masterpiece”.
Despite investor concerns about stock market volatility, Ives stressed that current technological developments still have long-term value.
We are at the beginning of a moment similar to 1995 in the history of the internet, not the bubble of 1999, he says.
For every $1 spent on Nvidia’s GPU, the tech industry earns an extra $8 to $10, he added.
Citi also reiterated its “buy” rating on Nvidia, and analysts at the bank also expected that “Nvidia’s comments on Blackwell at the earnings meeting will give investors confidence in its strong outlook for 2025 and push the stock to a 52-week high”.
Goldman Sachs analysts not only reiterated Nvidia’s “buy” rating, but also put it on the “strong buy list”.
The Goldman Sachs analyst team said Wall Street remained optimistic about AI infrastructure spending by large technology companies, believing that “demand from large cloud service providers and enterprise customers is strong, and Nvidia’s strong competitive position in AI and accelerated computing remains intact.
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