Nvidia Corp

US stock markets have repeatedly defied gravity and managed to put big obstacles behind it. Can this be yet another such scenario, or will we see a more meaningful correction? Judging by how European markets have bounced back, I wouldn’t bet against a US stock market rebound. But before turning tactically bullish on the Nasdaq 100 outlook again, we will need to see some bullish price action.

US stocks are heading for a mixed start, with the Nasdaq and the S&P 500 rising after Nvidia’s upbeat numbers. However, the Dow Jones fell into the red after President Trump said that Canada and Mexico trade tariffs would go ahead as planned. US Q4 GDP was upwardly revised to 2.4%, but more timely jobless claims rose to 242k.

Nothing else seems to matter today, and there is not much on the economic calendar to shift the focus away. So, earnings from Nvidia and the performance of the technology stocks in general is what will impact the S&P 500 forecast.

US stocks point to a higher open as investors await quarterly earnings from AI darling Nvidia. The S&P 500 and the Nasdaq closed lower in the previous session, while the Dow Jones gained 0.4%. Traders remain jittery after U.S. consumer confidence data showed a deterioration in sentiment. Nvidia is expected to post 72% revenue growth and 63% earnings growth, a deceleration from previous quarters.

USDJPY, Nasdaq Forecast: Tariff risks, Tokyo Core CPI, and NVIDIA earnings loom, posing challenges to the recent lows on USD/JPY and Nasdaq. USD/JPY remains below 150, while Nasdaq holds under 21,300.

The current confidence prevailing in the U.S. stock market has allowed the S&P 500 to set a new all-time high at 6,130 points.

NVDA has “beat” analyst estimates for earnings in seven of the last eight quarters by an overall average of 15%, rising an average of more than 9% in response to those results - what should we expect this time?

The yen suck in safe-haven flows on reports that the US government is considering limiting exports of AI chips. And given we have risk events and a US election looming, investors are likely questioning how exposed to risk they really want to be.

US stocks point to a stronger open, with the S&P 500 and the Nasdaq100 set to reach record highs after Nvidia earnings smash forecasts, fueling an AI chip stock rally. The impressive earnings have overshadowed hawkish FOMC minutes, which showed policymakers were concerned about sticky inflation, and some even supported raising rates. Jobless claims were stronger than expected, consistent with a solid labour market. PMI data is up next.

Nvidia is expected to report $5.18 in EPS on $22.9B in revenue, but the company’s outlook for the rest of the year will be even more significant for the Nasdaq 100 as a whole.

US stocks are heading for a weaker open as investors look cautiously ahead to the release of the minutes to the January FOMC meeting and to Nvidia earnings after the close. Investors will be looking to see whether the minutes push back on rate be expectations and whether Nvidia, the AI chipmaking giant can live up to the hype surrounding its stock and a future with AI.

Options traders expect a +/- 11% move in response to Nvidia’s earnings report, a truly staggering move in a $1.8T stock. See what we're watching!

With near-term earnings risk now accounted for among the ‘magnificent seven’, it means macroeconomic and bond market movements will likely dictate how the Nasdaq 100 closes out 2023.

As things stand, the Nasdaq 100 is on track for its worst month since December. And unless it can rally 4.4% or more over the next three days, it will snap a 5-month bullish streak.

NVIDIA is grabbing all the headlines after a blowout set of earnings lifts global tech stocks that are increasingly underpinned by their AI prospects.

Nvidia share rallied 10% during after-hours trade thanks to another strong earnings report, and helped Nasdaq 100 future gap 1.3% higher at the open.

Can NVIDIA meet the massive hype around AI when it releases second-quarter results this week?