[Trader’s Talk] Nvidia - Setting the Tone for the US Market?

The feverish post-Trump victory stock market rally came to halt last week, as persistent inflation and a cautious statement from Fed Chair Jerome Powell weighed on markets. Investors are now grappling with uncertainty over the path and pace of the Fed’s rate cut cycle, drowning out the previous excitment over the President-Elect Trump’s potential policy agenda and its impliacation on stock markets. Earnings are back in focus this, with investors eagerly anticipating AI leader Nvidia’s earnings release after the bell on Wednesday. Wall Street analysts expect the chipmaker’s revenue to grow 84% year-over-year to $33.28 billion and net income to jump to $17.45 billion or 70 cents per share, up from $9.24 billion or 37 cents per share a year earlier, according to a report from Investopedia. How should investors position their Nivida holdings ahead of its earnings release? Is the outlook for Nivida still a rosy one? Tomorrow on Trader’s Talk, our chief market strategist Isaac Lim will shed some light on what to look out for ahead of Nividia’s earnings release, and what the likely stock movement will be post the earnings release. See you online tomorrow!