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Investor's Business Daily on MSNDow Jones Futures: Nvidia Earnings Are Next Test After Powell-Led Stock Market Rally
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. NvidiaNVDA looms large this week after Friday's big stock market rally on Fed Chief Jerome Powell's dovish Jackson Hole speech.
Nvidia Stock Is Poised to Benefit From Rising Use of AI in Defense Systems and Global Surge in Defense Spending Global defense priorities are shifting to include greater spending on advanced technologies, such as artificial intelligence (AI). These trends should benefit Nvidia, which is the dominant provider of AI chips and related technologies.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
Nvidia stock is currently set to record its first two-week losing streak since April amid fears of an AI bubble.
Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.