Wall Street dips on hot inflation data ahead of Nvidia earnings

Wall Street dips on hot inflation data ahead of Nvidia earnings  Reuters

The company reported net income of 59.69 billion US dollars (£43.9 billion), or 2.46 dollars (£1.80) per share, for the May-July period.

Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong

The AI chip giant posted record quarterly revenue of $96.2 billion and guided for $108 billion next quarter, but shares dipped in after-hours trading

Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been t

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.

Stocks Move Lower Ahead of Nvidia Earnings  WSJ

BofA says investors continue to overlook value stocks, which work particularly well in a new era of higher interest rates and inflation.

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