Nvidia results have previously led to large fluctuations in its share price and the wider market
The Week Ahead Week ahead: Nvidia results, inflation figures and the G20
Earnings season starts to wind down next week, but there is still a major player to report, Nvidia, who has the power to move markets dramatically. The chipmaker’s are expected the third quarter figures to show continued strong growth, with overall revenue expected to rise 83.2 per cent and data centre revenue anticipated to double. However, analysts are then predicting growth to slow dramatically in the fourth quarter.
Michael Kramer, founder of Mott Capital, said the share price pattern of Nvidia indicates that the market is “overly optimistic” and there is “elevated implied volatility” with options pricing, or trader’s bets on the movement, suggesting the share price will rise or fall by around 7.8 per cent following the results.
Elsewhere there is a spate of important economic data due out including UK and Euro inflation, and US services and manufacturing purchasing managers figures. There were also be eyes on the G20 meeting, which takes place on Monday and Tuesday.
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