Nvidia’s stock (NVDA) is back. But it’s about to be put to the test again. The next big event for the market is the chip darling’s earnings report, set for after the bell Wednesday. And it’s not just Nvidia’s stock that’s on the line: Nvidia’s closely watched results will set the pace for other AI
Investors are once again piling into the artificial intelligence trade — but those looking for a fast return should think twice. Nvidia stock (NVDA) hit a record intraday high this week ahead of its 10-for-1 stock split while new product announcements have fueled demand for stocks like AMD (AMD), c3.AI (AI), and Super Micro (SMCI).
The technology sector is currently experiencing something of a renaissance as breakthroughs in artificial intelligence (AI) have ignited newfound interest from investors. Among the top AI opportunities are a small cohort of megacap tech companies collectively referred to as the “Magnificent Seven.” Over the last year and a half, semiconductor company Nvidia (NASDAQ: NVDA) has