Aug 28, 2024
Morning Bid: Market held in thrall ahead of Nvidia numbers
Nvidia is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the expected doubling of second-quarter revenue, may not satisfy investors accustomed to market-moving outperformance. The chipmaker's market value was around $390 billion on the eve of the launch of artificial intelligence (AI) chatbot, ChatGPT, less than two years ago. Trade in Asia was light and moves modest ahead of the release, and European equity futures were flat.