Previous close | 663.90 |
Open | 663.90 |
Bid | 656.55 |
Ask | 661.75 |
Strike | 300.00 |
Expiry date | 2025-01-17 |
Day's range | 663.90 - 663.90 |
Contract range | N/A |
Volume | |
Open interest | 741 |
Nvidia's (NVDA) upcoming earnings are the talk of Wall Street as the chip company could make major waves for the broader market as it holds about 5% of the total weight of the S&P 500 (^GPSC). Skybridge Capital Founder Anthony Scaramucci joins Catalysts to give his take on Nvidia's earnings expected out after Wednesday's closing bell and how he believes Nvidia will play out in both the long and the short term. "Nvidia is growing and evolving. Could it have a short-term impact on the market here? No question. Do we own it? We own it. Are we staying in it? Yes," Scaramucci claims. "I just point out to people that are listening: There's a guy named Warren Buffett, he made a 70-year bet on America sometime in 1954. He decided, I'm getting long, America. I'm getting long, super high-quality companies... and I think people have to start thinking like that again. Nvidia is one of those names. I think if you hold it over the next decade, you're going to be very well rewarded." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Nvidia will report its fiscal Q1 earnings after the bell on Wednesday in a crucial report for both the AI trade and broader stock market.
Other sectors have rallied on AI demand, raising the stakes for the chipmaker's latest quarterly update.