(Reuters) - Nvidia shares rose on Tuesday before the bell in a buildup in expectations over the quarterly results of the chip designer that has been ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Nvidia shares rose on Tuesday before the bell in a buildup in expectations over the quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence.
They rose 8% to lift broader markets on Monday and closed just 2.1% short of their all-time high of $480.88 on July 14. "It might be the most important report of this earnings season. We want to hear that they can build on the amazing quarter they had last quarter," said Dennis Dick, market structure analyst at Triple D Trading.
Nvidia's blowout forecast last quarter had also sparked a rally in AI-stocks as well as Big Tech, making it one of the key drivers for the U.S. stocks rally this year.
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