Investors will also closely watch for updates on inflation and interest rate cuts from the Federal Reserve.
Microsoft will host an AI event on Monday, May 20.
Nvidia is set to report earnings growth of over 400% in the previous quarter.
The company's success can be attributed to the surge in demand for AI technology and its AI-capable chips.
This week, several major companies are set to report their earnings results, including Nvidia, Target, Palo Alto Networks, and Microsoft. Nvidia's earnings report is expected to be a significant catalyst for the markets due to its strong growth in revenue and earnings.
According to analysts' expectations, Nvidia is projected to report earnings growth of over 400% in the previous quarter and a revenue increase of 242%. The company's success can be attributed to the surge in demand for AI technology, particularly its AI-capable chips.
Microsoft will also host an AI event on Monday, May 20. This event is expected to provide insights into the latest developments in Microsoft's AI offerings and how they are being used by businesses and organizations.
In addition to earnings reports, investors will be closely watching for any updates on inflation and interest rate cuts from the Federal Reserve. The release of minutes from the most recent Federal Open Market Committee meeting could offer some insights into how officials are looking at these issues.
Retailers such as Target, Palo Alto Networks, and Lowe's will also be reporting their quarterly results this week. These reports could provide valuable information on the health of the retail sector and consumer spending trends.
Nvidia's first quarter fiscal year 2025 earnings report will be released on Wednesday, May 25, after the closing bell.
Microsoft is hosting an AI event on Monday, May 20.
Accuracy
No Contradictions at Time
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Deception
(100%)
None Found At Time Of
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Fallacies
(95%)
The author makes several statements in this article, some of which contain informal fallacies. The first instance is an appeal to authority when the author states 'Wall Street is setting its expectations for the company's first-quarter revenue at $24.5 billion.' This statement implies that the expectations of Wall Street are infallible and should be taken as fact, but this is not necessarily true. Another instance of an informal fallacy is a hasty generalization when the author states 'Memecoins were unfazed by the return at all, as if they never had any relationship with meme-stock trend.' This statement assumes that because memecoins did not react in the same way as meme stocks, they have no relationship. However, there could be other reasons why memecoins behaved differently. Lastly, there are several instances of inflammatory rhetoric throughout the article, such as 'Roaring Kitty's return was a surprise,' 'boomed and busted so quickly,' and 'settling for $650 million.' These statements add emotion to the article but do not provide any new information or insight.
]Wall Street is setting its expectations for the company's first-quarter revenue at $24.5 billion.[
Memecoins were unfazed by the return at all, as if they never had any relationship with meme-stock trend.
Nvidia (NVDA) is expected to report earnings of $5.52 per share for the quarter ended April 2024, representing a year-over-year increase of +406.4%.
Revenues are expected to be $24.27 billion, up 237.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.93% higher over the last 30 days.
Nvidia is expected to beat the consensus EPS estimate based on its Most Accurate Estimate being higher than the Zacks Consensus Estimate and a Zacks Rank of #1.
For the last reported quarter, Nvidia delivered a surprise of +13.41% by producing earnings of $5.16 instead of the expected $4.55 per share.
Over the last four quarters, Nvidia has beaten consensus EPS estimates four times.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
The article contains an appeal to authority with the use of Zacks Consensus Estimate and the Zacks Earnings ESP (Expected Surprise Prediction) model. These are presented as reliable indicators of a company's earnings picture and potential earnings surprise.
][The consensus EPS estimate for the quarter has been revised 0.93% higher over the last 30 days to the current level.][][The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter;][][For Nvidia, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.]
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