Nvidia Earnings 'More Important' Than Jerome Powell's Jackson Hole Speech For Wall Street, Says Expert: 'Not Even Going To Tell You What He's Going To Do After That…'
Portfolio Pulse from Benzinga Neuro
Market analyst Peter Boockvar suggests that Nvidia's upcoming earnings report is more significant for Wall Street than Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Boockvar believes Nvidia's results will have a greater impact on the market than Powell's commentary on interest rates.
August 23, 2024 | 10:19 am
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Nvidia's upcoming earnings report is anticipated to have a significant impact on the market, potentially overshadowing Jerome Powell's speech. The results could influence the AI trade and market sentiment.
Peter Boockvar emphasizes the importance of Nvidia's earnings over Powell's speech, suggesting that Nvidia's results will cap the AI trade and have a more direct impact on the market. This indicates a likely positive short-term impact on Nvidia's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100