NVIDIA Financial News

Check out the companies making headlines in midday trading.

In the three days of gains, Sensex has rebounded 484.64 points while Nifty advanced by 133.85 points. Sectorally, bank, financial services, media and consumer durables packs ended in the green, while FMCG and Oil and Gas saw the maximum cuts. Here's how analysts read the market pulse: «Global markets have restrained from making significant moves as they await the outcome of the central bankers' gathering at Jackson Hole scheduled for Friday. With the earnings season nearing its end, the heightened possibility of another rate hike in the US, along with the resultant increase in bond yields, are expected to keep the global market’s volatility high.

Investing.com -- Shares in Nvidia (NASDAQ:NVDA) edged higher in premarket trading on Wednesday, as investors eagerly awaited the release of the chipmaker's latest quarterly results.

(Reuters) — Wall Street's main indexes opened higher on Wednesday with the spotlight firmly on Nvidia (NASDAQ:NVDA) as investors wait to see if the chip designer's results could reignite an artificial intelligence-powered rally in megacap growth stocks.

The Dow Jones Industrial Average rose 49.76 points, or 0.15%, at the open to 34,338.59. The S&P 500 opened higher by 8.89 points, or 0.20%, at 4,396.44, while the Nasdaq Composite gained 26.56 points, or 0.20%, to 13,532.43 at the opening bell. More to come....

(Reuters) — Nvidia (NASDAQ:NVDA) shares rose on Wednesday before the bell on growing expectations that the chip designer will deliver another strong outlook and boost markets as it reaps the benefits of early investments in artificial intelligence.

Investing.com — U.S. stock futures climbed higher Wednesday ahead of the release of key activity data as well as more quarterly earnings, including from new market darling, chipmaker Nvidia.

Investing.com — All eyes are on Nvidia, with the chipmaker and AI darling set to release second quarter earnings after the close of U.S. trading on Wednesday. Meanwhile, Richmond Fed President Thomas Barkin raises the prospect of a «reacceleration scenario» in the American economy as central bankers from around the world prepare to congregate for a key economic symposium this week in Jackson Hole, Wyoming.

Investing.com — U.S. futures traded higher Wednesday, as investors digested more corporate earnings, particularly from the retail sector, ahead of the release of numbers from chip designer Nvidia (NASDAQ:NVDA).

Check out the companies making headlines in premarket trading.

ChatGPT and similar language-generation systems made by Google, Microsoft and others. Nvidia has invested in making chips and software for AI for more than a decade and has no competitors who can yet match it. In May, the company said it expected revenue to be around $11 billion for its fiscal second quarter, almost $4 billion more than Wall Street expected.

US equity futures rose as investors awaited earnings from Nvidia Corp., the chipmaker at the heart of the hype around artificial intelligence.

equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report. The stock has gained about 11% in the last seven sessions, taking its year-to-date gains to about 210%, and has drawn options bets on further gains. For contracts expiring this week, Nvidia call options that would make money if the stock climbed more than 9% by Friday to above $500, were the largest block of open options, with some 19,000 contracts open. Still, some strategists cautioned against chasing further gains in the stock. «A lot of good news is baked into this,» Steve Sosnick, chief strategist at Interactive Brokers, said. «The stock moves on earnings but you can't just assume it only moves up,» he said.

stocks mostly edged lower on Tuesday as worries lingered that the Federal Reserve will need to keep interest rates higher for longer and as banks shares eased. Financials, down 0.8%, were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S.

Jio Financial, Vodafone Idea, Adani Energy, Hindalco, Piramal, TVS Supply Chain are among stocks likely to be in focus todayAsian markets traded on a mixed note on Wednesday as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. A flat end on the Wall Street also weighed on sentiment.Traders are now awaiting Nvidia Corp.’s results later Wednesday, which are set to test the fervor around the artificial-intelligence hype, while wider markets are marking time ahead of a speech from Federal Reserve Chair Jerome Powell on Friday.MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago.

Wall Street drifted to a mixed close ahead of a couple potentially market-shaking events later in the week

Investing.com — The Dow closed lower Tuesday under pressure from regional banks and a tumble in retailers following disappointing quarterly results from Macy’s and Dick’s Sporting Goods.

By Medha Singh

By Stephen Nellis

By Shashwat Chauhan

Traders are ramping up their bets that the blockbuster rally in Nvidia’s shares will accelerate after Wednesday’s earnings report. Riding the frenzy of interest in artificial-intelligence technology, they have dished out more than $100 billion on Nvidia options this year, according to Cboe Global Markets data through mid-August. About 60% of that sum is tied to call options that can be used to bet on a continued rally.