A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
The latest investor updates on stocks that are trending on Monday.
Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street's picks-and-shovels trade that has turned Nvidia into the biggest winner of the generative AI boom, thanks to its chips that are essential in powering technology such as Google's Gemini to OpenAI's ChatGPT. A more than six-fold surge in its shares since the start of 2023 has made Nvidia Wall Street's third-most valuable firm, worth more than $2.30 trillion.