NVIDIA Down 1.35% Midday as Market Awaits Company Earnings

BlockBeats News, August 27th, according to BIT (bit.com) market data, today the three major U.S. stock indexes opened slightly lower, with NVIDIA down 1.35% intraday, with a market capitalization currently at $5.09 trillion. The market focus is on the company's upcoming earnings report, with investors waiting for its performance and the latest guidance on AI demand to assess whether the previously pressured AI trades can regain momentum.

Analysts predict that NVIDIA's last quarter revenue will nearly double year-on-year, and the market generally expects the financial report to continue its strong growth. However, whether the massive AI capital investment can translate into corresponding returns remains a market concern. NVIDIA's stock price had fallen for seven consecutive trading days before rebounding on Tuesday, as investors had already positioned themselves for the earnings.

In addition to NVIDIA's earnings, the market will also focus on Federal Reserve Chairman Powell's first major speech at the Jackson Hole Symposium on Friday to look for clues on the future interest rate path.

On the commodities front, Brent crude oil's cumulative decline this week once widened to about 8%, but after U.S. Energy Information Administration data showed last week's crude oil inventories increased by only 95,000 barrels, far below expectations, oil prices intraday significantly narrowed their losses and turned positive.