Exciting Nvidia Announcement Coming Tomorrow (NVDA)

The upcoming earnings report from NVIDIA (Nasdaq: NVDA) on May 22 is expected to have a significant impact on the stock market the following day. While there is uncertainty about the outcome, historical trends suggest that positive earnings could lead to a bullish move in the market. However, a weak or flat market before the report may result in a sell-off. Demand for Nvidia’s products is high, with customers eagerly purchasing chips as soon as they are produced. The ban on sales of advanced chips to China has caused a surge in sales for Nvidia, and if China opens up to these products, the company’s growth could continue. Despite the high expectations surrounding NVDA this week, the overall market performance will likely depend on geopolitics, interest rates, and economic releases. If economic data weakens, it may prompt the Federal Reserve to cut interest rates, which could benefit the stock market. While seasonal patterns can provide guidance, deviations can occur, as seen in the market’s performance in 2018. The current strength of the market suggests a positive outlook, but uncertainties in geopolitics and economic data could impact future performance. Ivan Martchev of Navellier & Associates owns Nvidia Corp. (NVDA) in managed accounts, and all opinions expressed in the article are his own. Please refer to the original post for important disclosures and disclaimer information.

Article Source
https://seekingalpha.com/article/4694659-big-nvidia-news-arrives-tomorrow