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Market Outlook
3 mins to read

Earnings season, gold, and Nvidia frenzy like ‘a Ponzi’

ASB investment committee member Frank Jasper on the week ahead.

Artificial intelligence semiconductor chip developer Nvidia raked in US$26b ($42b) in revenue for Q1 to April this year.

Brent Melville Mon, 26 Aug 2024

Artificial intelligence semiconductor chip developer Nvidia raked in US$26 billion (NZ$42b) in revenue for its first quarter to April this year.

By analyst reckons, it’s on track to hit $28b this quarter, meaning its second-quarter earnings report, due this week, will be the one to watch, ASB

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Brent Melville Mon, 26 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
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Investment

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Earnings season, gold, and Nvidia frenzy like ‘a Ponzi’
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