Bellwether semiconductor company Nvidia is due to present earnings after markets close on Wednesday, with all of Wall Street eager to learn whether the AI bull market still has legs.
While founder Jensen Huang will feel the heat if he cannot deliver a bullish quarterly report, the pressure this time is not nearly as intense as in August, when seemingly the fate of the entire stock market hung on his every word after several big-name tech companies disappointed. At the time Dan Ives of Wedbush Securities went so far as to call Nvidia’s results “the most important tech earnings in years.”
