00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA earnings this week will be a key market catalyst after Federal Reserve Chair Jerome Powell
00:06stated on rate cuts are coming, easing investor concerns according to Bloomer.
00:10S&P 500 logged its best day since May on Friday, rebounding from a five-day losing streak,
00:15closing less than two points from a record.
00:17NVIDIA, which makes up nearly 8% of the index, reports on Wednesday after the close.
00:21Wall Street is expecting $1.01 in adjusted earnings per share, up 48% year-over-year,
00:26and revenue above $46 billion, up 54%.
00:30Analysts say its results will determine whether the AI fuel rally continues or stalls,
00:34with options traders pricing at a 6% swing in either direction.
00:38Risks remain around China, where U.S. restrictions and Beijing pushback on NVIDIA's H2O chip
00:42have clouded its sales outlook.
00:44Analysts have raised price targets on the average set at more than $194,
00:48about 9% above Friday's $178 close.
00:52For all things money, visit Benzinga.com.
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