Mock you? Never-! That's one thing I don't do. I respect when you don't equivocate I always attack that wishy-washy stuff but when you take a stand I am there!- I LIKE IT!!!!
Perhaps the most important earnings report of the fourth quarter reporting season is slated to hit the tape on Wednesday after the closing bell. The chipmaker's lead in AI has propelled it to the third-highest market cap in the world, only trailing Apple (
AAPL) and Microsoft (
MSFT).
Since a blowout earnings report last May when Nvidia topped Wall Street's estimates for revenue guidance
by more than 50%, the company has
consistently topped analysts' expectations. And many on Wall Street expect another blowout quarter. Consensus projects Nvidia to report earnings per share of $4.60 and revenue of $20.36 billion. That would mark year-over-year growth of 422% and 236%, respectively.
For a stock that has already rallied almost 50% this year, the risk for investors lies in if the company's string of hefty beats finally ends. And given Nvidia's
outsized weighting in the major indexes and
its value in the AI story, it could be a risk to the broader market too.
Interactive Brokers chief strategist Steve Sosnick
told Yahoo Finance's Madison Mills that the report could be "very difficult" for markets.
"If Nvidia misses or just fails to hit a home run ... that can have a gravitational effect on the whole market," Sosnick said.
