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Futures inch up with eye on interest rates, Nvidia results
2024-08-27 13:29:08
Stocks
Technology
Markets

Futures inch up with eye on interest rates, Nvidia results

Image courtesy of : AFP (SPENCER PLATT)

U.S. stock futures rise slightly as investors await Nvidia's earnings and key economic data. Nvidia's chips are widely used in AI, and its results on Wednesday are highly anticipated.

Other chip stocks like Broadcom and Advanced Micro Devices also rose, but the Philadelphia SE Semiconductor index declined over 2.5% on Monday. Investors are optimistic about lower borrowing costs, with traders betting on a rate cut in September.

The July Personal Consumption Expenditure data on Friday could provide more clarity on the central bank's policy easing. UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%.

Paramount Global slid 2.5% after media veteran Edgar Bronfman Jr withdrew from the race for the company, clearing the way for Skydance Media to take control of Shari Redstone's media empire. European stocks rose 0.3% as investors eyed US inflation and Nvidia's earnings.

Morgan Stanley revealed its top stock picks, including Nvidia.

Related news on that topic:

Market Rebounds on Fed's Rate-Cut Talks and Nvidia's Anticipated ... Earnings

Stocks trade mixed as Dow hits record highs on dovish Fed shift, upcoming Nvidia earnings, and rebound from August lows amidst economic data and geopolitical tensions. Investors await Nvidia's earnings as a key driver for market rally after Fed hints at rate cuts. Nvidia's impressive growth and market expectations position it as a top AI stock to watch. Fundstrat's Tom Lee examines market resilience post-volatility, focusing on Fed's rate cut possibilities and tech opportunities, particularly Nvidia's fiscal performance.

Nvidia's Earnings Report: Market Expectations and Potential Impact

Analysts remain bullish on Nvidia, anticipating strong Q2 results and significant growth potential. With key earnings updates looming, the market is closely watching for insights on revenue, chip demand, and potential delays. Nvidia's CEO, Jensen Huang, is set to discuss Blackwell GPU issues amidst global tensions and market fluctuations. Despite positive forecasts, the market is cautious, considering potential impacts on stock performance. Amid AI trends and market dynamics, Nvidia's stock is deemed attractive for long-term investments, with a target price hike to $150 by Evercore ISI. As the market eyes Nvidia's earnings report, there's anticipation for market movements and potential shifts in stock performance.

Read 16 more recent news on this topic

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The Street
2. September 2024 um 23:03

Morgan Stanley reveals top stock picks, including Nvidia TheStreet Daily Newsletter

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Morgan Stanley reveals top stock picks, including Nvidia. The S&P 500 is trading near record highs with stretched valuations, but experts warn of a potential correction. Morgan Stanley's top picks include Apple, DraftKings, Eli Lilly's blockbuster drug Mounjaro/Zepbound, Nvidia's AI dominance, and PepsiCo, which has overcome anemic growth and is now turning back to the market.
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Micron Technology, a leading memory chip maker, is benefiting from robust AI-driven demand, with increased memory content in AI-enabled devices like Nvidia's H200 processors and Blackwell systems. The company's CEO, Sanjay Mehrotra, expects continued price increases through 2024 and a substantial revenue record in fiscal 2025, driven by the company's shift to higher-margin products like HBM3E chips. However, Micron is facing weakening demand in some markets like PCs and smartphones, leading to..
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Nvidia, a leading tech company, is scheduled to report earnings this week. Investors will focus on reports that the delivery of Nvidia's new Blackwell processors could be delayed by around three months due to design flaws, which was communicated to Microsoft and an unnamed cloud-service provider client. Wall Street forecasts strong financial results, but there are concerns about Nvidia's performance going forward, particularly around the spending levels of its largest customers, which include..
Tagesschau - Wirtschaft und Börsen-Nachrichten
27. August 2024 um 20:26

Little Movement Expected DAX Likely to Remain Flat

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The DAX is expected to see little movement; investors are waiting for Nvidia's earnings and the Fed's interest rate decision; technology stocks are under pressure.
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