This is without a doubt the most important earnings call. Expectations are sky high for NVIDIA which has tripled this year because of AI, and taken the stock to ridiculously inflated levels.
If it fails to meet the expectations and provides weak guidance, expect a bloodbath tomorrow in the stock market, especially tech stocks and the QQQ. OTH, if it meets expecations, this will ignite the comeback of the stock market, and stocks will soar. If the meeting in Jackson Hole is good, it will add fuel to the fire and stocks will begin a new rally.
A lot hinges on the report coming out soon!
If it fails to meet the expectations and provides weak guidance, expect a bloodbath tomorrow in the stock market, especially tech stocks and the QQQ. OTH, if it meets expecations, this will ignite the comeback of the stock market, and stocks will soar. If the meeting in Jackson Hole is good, it will add fuel to the fire and stocks will begin a new rally.
A lot hinges on the report coming out soon!