Wall Street Awaits Nvidia's Profit Report as Tech Leads a Split US Stock Market
Nvidia’s expected 70% profit surge fuels gains in tech stocks despite broader market declines amid AI investment concerns, analysts say.
- On Wednesday, Nvidia led a split U.S. stock market rally as technology strength lifted indexes to two-week highs ahead of its profit report after markets close.
- Because Nvidia's results make it a market leader, analysts expect profit to surge nearly 70% to $37.52 billion amid $630 billion in 2026 spending, driven by AI growth.
- By midmorning, the Dow Jones Industrial Average was higher—up 199.66 points—as more stocks declined than advanced, highlighting market breadth.
- Market pockets reacted with Cava jumping 22% and Axon surging 20.4%, after stronger results, while First Solar slid 14%.
- Globally, macro factors include the 10-year Treasury yield inching to 4.05% and a U.S. tariff taking effect Tuesday, amid rising markets across Europe and Asia.
28 Articles
28 Articles
ASX set to rise as Wall Street climbs: Nvidia, Qantas results ahead
Nvidia is helping to lead a split US stock market higher on Wednesday, ahead of the chip company’s highly anticipated profit report coming after trading ends for the day.
Tech Rally Lifts Nasdaq and S&P 500 Pre-Nvidia Earnings
Tech Rally Lifts Nasdaq and S&P 500 Pre-Nvidia Earnings U.S. stock indices, the S&P 500 and the Nasdaq, surged to two-week highs on Wednesday, buoyed by technology stocks ahead of Nvidia's anticipated quarterly earnings report. Nvidia's shares rose by 2.2% as investors eagerly awaited insights into whether the chipmaker's profits are set to increase amid Big Tech's significant capital expenditure projected for 2026.Market analysts observed that …
Tech leads a split US stock market ahead of Nvidia's profit report
Nvidia is helping to lead a split U.S. stock market, ahead of the chip company’s highly anticipated profit report coming after trading ends for the day. The S&P 500 rose 0.5% Wednesday and erased its losses from earlier in the…
US stock market today: S&P 500, Nasdaq at two-week highs ahead of Nvidia results
Wall Street's main indexes opened higher on Wednesday after volatile sessions earlier this week as investors assessed risks to the AI trade and growing tariff doubts heading into Nvidia's earnings due later in the day.
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