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Dow Jones Futures: Nvidia Earnings Are Next Test After Powell-Led Stock Market Rally
Fed chief Powell's dovish speech triggered a big Friday rally, with the S&P 500 and Dow Jones hitting new highs and several stocks flashing buy signals. Nvidia earnings loom.
The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says.
The stock has gone on a parabolic run since hitting a 52-week low in April this year, and it seems primed for more upside following its upcoming earnings report.
This week witnesses earnings releases from giants like NVDA, DELL and BABA. Stay updated with Wall Street Week Ahead by Seeking Alpha!
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.
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?
This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.
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