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Analyst: Nvidia's earnings report may have a greater market impact than Powell's speech

2024-08-28 12:18
Odaily News Multiple analysts expressed the market impact of Nvidia's financial report, including: 1. Bespoke Investment Group said it was difficult to recall that people had so many expectations for a company's financial report. 2. Wedbush analyst Dan Ive said that Nvidia's financial report is one of the most important moments on Wall Street in many years and is expected to show "applause performance." 3. Ameriprise Financial strategist Anthony Saglimbene believes that Nvidia's financial report may actually have a greater impact on the overall market than Federal Reserve Chairman Powell's speech at Jackson Hole last week. 4. Morningstar Chief U.S. Market Strategist Dave Sekeracheng said that if Nvidia's revenue or net profit is lower than expected (which we think is unlikely to happen), or the performance guidance for the next quarter is not strong enough, we may see Nvidia and all artificial intelligence stocks sold off. (Golden Ten)