S&P 500 Halts 4-Day Losing Streak Ahead of Nvidia’s High-Stakes Earnings
The S&P 500 snapped a four-day losing streak, rising 1% as investors braced for Nvidia's pivotal earnings report. The chipmaker's results are seen as a litmus test for the AI sector, given its outsized influence on major indices.
Nvidia holds a 7.57% weighting in the S&P 500 and 13.88% in the Nasdaq 100, making its performance crucial for market direction. Analysts remain largely bullish, with an average price target suggesting 30% upside, though questions linger about the sustainability of its AI-driven growth.
Seaport's Jay Goldberg stands apart with a Sell rating, questioning whether Nvidia's multibillion-dollar AI deals represent genuine demand or artificial market stimulation. The earnings report could either validate the AI rally or expose vulnerabilities in the sector's valuation.
