NVDA May 2024 365.000 put
- Yahoo Finance Video
Nvidia earnings, FOMC minutes, housing data: What to watch
Yahoo Finance's Julie Hyman and Josh Lipton break down what to watch on Wednesday, May 22. Several companies are set to report their earnings, with Nvidia (NVDA) being the most highly anticipated. Retailers like TJX (TJX) and Target (TGT) are also expected to report earnings, as well as Synopsys (SNPS), Williams-Sonoma (WSM), and e.l.f. Beauty (ELF). The Federal Reserve will also release its May FOMC meeting minutes, offering insight into its monetary policy decisions. Finally, new data on existing home sales for April will be released, which analysts expect will increase. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Yahoo Finance Video
Nvidia earnings: What to watch
Chip giant Nvidia (NVDA) is set to report fiscal 2025 first quarter earnings after the bell on Wednesday, May 22. The company's stock has soared more than 80% so far this year. But as Yahoo Finance’s Madison Mills notes “can the chipmaking powerhouse deliver on lofty expectations?” “Many of the analysts are questioning the further upside and pop it could get from this particular earnings report because expectations are so high,” Yahoo Finance’s Julie Hyman explains. “And, of course, the focus is very much on the forecast for the coming quarter and the second half of the year.” Yahoo Finance’s Myles Udland adds “the context in which they are reporting has changed quite a bit over the last month in that there’s now much more enthusiasm from investors around what the earnings picture is going to look like, not just in this quarter but over the balance of the year.” “The stock has actually crushed it over the past year and a half here. So you have to be cautious about when is something going to happen,” Moor Insights & Strategy Founder and CEO Patrick Moorhead says. “The company is going to clearly beat expectations on top line and EPS and will likely see a very positive guide,” Moorhead discusses, basing the analysis off of “two or three core things.” “Demand is off the rails,” development risk is “somewhat low,” and manufacturing. “There could be some risk in manufacturing from TSMC (TSM) and that would be the place to look,” Moorhead notes. This post was written by Mariela Rosales.
- Yahoo Finance
What Nvidia says about AI chip demand could matter for more than just the tech trade
Other sectors have rallied on AI demand, raising the stakes for the chipmaker's latest quarterly update.
