Nvidia and Micron Expected to Drive S&P 500 Third-Quarter Earnings Growth
NVDA NVIDIA Corp
$229.35 -0.49%
View chart & analysis → - 1ZeroHedge analyzed that Nvidia and Micron will account for more than one-third of the S&P 500 third-quarter earnings per share growth.
- 2AI infrastructure companies are expected to account for more than half of the S&P 500 earnings per share growth driven by AI infrastructure companies in the third quarter.
- 3Dan Ives cited the $850 billion AI infrastructure spending scale of the top five cloud platforms this year and selected Nvidia as one of the top preferred stocks in the technology sector.
So what's the key point?
Nvidia and Micron are expected to lead more than one-third of corporate earnings growth in the third quarter. As AI-related companies drive growth, Nvidia has become one of the most notable companies in the technology sector.
Source Yahoo Finance · View original ↗
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