Nvidia, Stock Market
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Wall Street shares have seen big swings this week as investors brace for all-important earnings from AI bellwether
Nvidia is due to report fiscal third-quarter earnings after Wednesday's closing bell. Investors will be looking to see if the company can stabilize the AI trade in the face of mounting concerns about rampant spending.
Not as expensive as it used to be, based on one widely watched valuation measure—the price-earnings ratio. While Nvidia's stock price has soared, its earnings power has risen even quicker, pushing down the PE ratio.
Viewed through that lens, Nvidia looks compelling. But there are real risks.
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