![]() ![]() The analyst expects the company’s Q2 FY24 revenue to be in line or modestly surpass its guidance of $11 billion, which reflects a 64% year-over-year growth.Ĭalling NVDA a top sector pick, Arya reiterated a Buy rating on the stock earlier this week, with a price target of $550. Surging demand for the company’s data center products is expected to drive its top-line growth.Īfter a “shock-and-awe” earnings report last time, Bank of America analyst Vivek Arya expects the sentiment to be “a bit more measured” with regard to Nvidia’s upcoming earnings report on August 23. Nvidia Poised for Robust Growth Aheadīack in May, Nvidia surprised its investors with a very solid Q2 FY24 revenue guidance of about $11 billion, plus or minus 2%, which was over 50% higher than analysts’ consensus estimate of $7.15 billion. NVDA shares have rallied over 191% year-to-date and several Wall Street analysts see further upside potential. Chip giant Nvidia ( NASDAQ:NVDA) is riding this generative AI wave, with its advanced chips enjoying robust demand due to their ability to support the building of applications like ChatGPT that require processing terabytes of data. and international markets are in a race to develop generative artificial intelligence (AI)-powered tools and applications. CNN Sans ™ & © 2016 Cable News Network.Tech companies in the U.S. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account When combined with fundamentals and other analytical tools, the Index can be a helpful way to assess market sentiment. Many investors are emotional and reactionary, and fear and greed sentiment indicators can alert investors to their own emotions and biases that can influence their decisions. The Fear & Greed Index is used to gauge the mood of the market. How often is the Fear & Greed Index calculated?Įvery component and the Index are calculated as soon as new data becomes available. The index gives each indicator equal weighting in calculating a score from 0 to 100, with 100 representing maximum greediness and 0 signaling maximum fear. The index tracks how much these individual indicators deviate from their averages compared to how much they normally diverge. They are market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand. The Fear & Greed Index is a compilation of seven different indicators that measure some aspect of stock market behavior. The theory is based on the logic that excessive fear tends to drive down share prices, and too much greed tends to have the opposite effect. The Fear & Greed Index is a way to gauge stock market movements and whether stocks are fairly priced. What is the CNN Business Fear & Greed Index? ![]()
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