Provided by Lewis Kraskopf
New York (Reuters) -Wobble in US technology campaigns on Wednesday increased NVIDIA Corp quarter results, and the revenue of the semiconductor giant’s giant was an essential test of hiking AI.
The S&P 500 benchmark has retreated this week from record levels, and after a huge group running in the heavyweight technology sector to a huge group has been reduced by about 3%so far.
According to the dominant products of artificial intelligence (AI), NVIDIA has increased the technology sector and the common market in recent years. Last month, NVIDIA became the first company with a market value of $ 4 trillion.
Investors are now more “on the edge” go to NVIDIA results, said Matthew Maley, Miller Tabak’s chief market strategist.
“When the group is decreasing and the most important shares in the group report income, it will have a greater impact than usual,” Maley said.
From 2025 NVIDIA Stocks by 2025 So far, it has increased by about 30%, so since 2022. October Increased by more than 1,400%. The California -based company embodied a wider AI excitement, which has led to many technology companies and others involved in AI infrastructure such as energy generation and cooling systems.
“NVIDIA is almost viewed from what is happening in artificial intelligence,” said Matt Orton, Raymond James Investment Management Chief Market Strategist. “There is undoubtedly read, which happens to a wider AI trade, which this year was really the main S&P 500 return engine.”
Analysts have argued that the possible causes of the latest technology supply weakness are cautious changes in the AI industry, including the comments of Sam Altman, CEO of Openai, that investors may be too much related to AI.
NVIDIA results will close the second -quarter -revenue season, which has fundamentally exceeded expectations and helped to maintain promotions. The S&P 500 Company’s revenue aims to rise 12.9% compared to the year’s earrings compared to the estimated 5.8% increase on July 1, based on LSEG IBES.
The Goldman Sachs Strat registers pointed out some Magnificent 7, a Megacap group covering Nvidia, Apple and Microsoft, has been drawn to a certain amount of income. Including NVIDIA estimates, The Magnificent 7 raises the road increased earnings by 26% compared to 7% of the remaining 493 index shares, Goldman strategists said in a report.
NVIDIA is expected to increase by 48% per share compared to $ 45.9 billion.