Will Nvidia Fill Biggest Piece Of AI Monetization Puzzle With Q1 Earnings? Tech Bull Says 'Party's Just Getting Started With The Popcorn Getting Ready'
Portfolio Pulse from Shanthi Rexaline
Ahead of Nvidia's (NASDAQ:NVDA) earnings report, Wedbush analyst Daniel Ives is optimistic about AI-levered stocks. Ives expects Nvidia to play a crucial role in AI monetization, with a 'beat-and-raise' anticipated. The focus will be on data center AI-driven spending and GPU demand. Other big tech companies like Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) have already confirmed AI monetization progress. The Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) fell 0.62% while Nvidia rose 0.29%.
May 22, 2024 | 2:17 pm
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NEUTRAL IMPACT
The Global X Robotics & Artificial Intelligence ETF fell 0.62%, reflecting the broader market's cautious stance ahead of Nvidia's earnings.
The ETF's decline indicates market caution, but Nvidia's strong earnings could reverse this trend.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Apple is set to unveil its AI vision and product framework at the annual Worldwide Developer Conference in June.
Apple's upcoming AI announcements are likely to positively impact its stock as investors anticipate new AI-driven products and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amazon has confirmed AI monetization progress, which supports the positive outlook for AI-levered stocks.
Amazon's confirmation of AI monetization progress is a positive indicator for its stock, as it shows the company's strong position in the AI market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Alphabet has confirmed AI monetization progress, which supports the positive outlook for AI-levered stocks.
Alphabet's confirmation of AI monetization progress is a positive indicator for its stock, as it shows the company's strong position in the AI market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Meta Platforms has confirmed AI monetization progress, which supports the positive outlook for AI-levered stocks.
Meta's confirmation of AI monetization progress is a positive indicator for its stock, as it shows the company's strong position in the AI market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Microsoft has confirmed AI monetization progress, which supports the positive outlook for AI-levered stocks.
Microsoft's confirmation of AI monetization progress is a positive indicator for its stock, as it shows the company's strong position in the AI market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nvidia is expected to report strong earnings with a 'beat-and-raise' anticipated. The focus will be on data center AI-driven spending and GPU demand.
Nvidia is at the center of the AI revolution, and strong earnings and guidance will likely boost investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100