Dan Ives Expects Nvidia Earnings To Ignite Huge Tech Rally On 'Skyrocketing' Demand
Portfolio Pulse from Adam Eckert
Nvidia Corp (NASDAQ:NVDA) is set to report earnings on Aug. 23, with expectations that strong results could ignite a tech rally. Wedbush analyst Dan Ives believes Nvidia's earnings could fuel a move higher in tech for the rest of the year, and that the company could be on pace to double its revenues over the next two years. Nvidia's earnings will also impact other AI leaders like Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), as well as Salesforce Inc (NYSE:CRM) and Palantir Technologies Inc (NYSE:PLTR).
August 21, 2023 | 7:00 pm
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POSITIVE IMPACT
Salesforce's stock price could be impacted by Nvidia's upcoming earnings report.
As a 'pure play' in the tech sector, Salesforce's stock price could be influenced by Nvidia's earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
POSITIVE IMPACT
Alphabet's stock price could be impacted by Nvidia's upcoming earnings report.
As an AI leader, Alphabet's stock price could be influenced by Nvidia's earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
POSITIVE IMPACT
Alphabet's stock price could be impacted by Nvidia's upcoming earnings report.
As an AI leader, Alphabet's stock price could be influenced by Nvidia's earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
POSITIVE IMPACT
Microsoft's stock price could be impacted by Nvidia's upcoming earnings report.
As an AI leader, Microsoft's stock price could be influenced by Nvidia's earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
POSITIVE IMPACT
Nvidia's upcoming earnings report is expected to be strong, potentially igniting a tech rally and impacting its stock price.
The anticipation of a strong earnings report from Nvidia is expected to boost its stock price and potentially ignite a tech rally.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Palantir's stock price could be impacted by Nvidia's upcoming earnings report.
As a 'pure play' in the tech sector, Palantir's stock price could be influenced by Nvidia's earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75