Nvidia bounce shows Wall Street's AI obsession is far from over

Nvidia bounce shows Wall Street's AI obsession is far from over  Reuters

NEW YORK, Aug 26 : Nvidia's results on Wednesday afternoon gave its investors another roller coaster ride, highlighting just how high the expectations for AI and its favorite chip designer have gotten on Wall Street.Nvidia handily beat the consensus estimates for its second quarter and raised its third-quarter guidance

The AI chip giant posted record quarterly revenue of $96.2 billion and guidance for about $108 billion next quarter, but shares dipped anyway

The US stock market drifted through a quiet day of trading after a report said inflation was a touch worse last month than economists expected.

The US stock market drifted through a quiet day of trading after a report said inflation was a touch worse last month than economists expected.

Nvidia’s Earnings Will Test Wall Street’s Faith in the AI Boom  WSJ

Nvidia’s results could send shock waves through the tech sector—and the broader stock market.

Nvidia is due to report earnings on Wednesday, and “a very broad universe of companies” is tied to the themes that the chip giant represents.