Investors Need Confirmation AI spending is Boosting Nvidia’s Earnings

The markets will focus on quarterly earnings results later today from Nvidia (NVDA) to see if the surge in the stock to a 17-month high last Thursday is warranted. Nvidia has more than doubled in price this year due mainly to the frenzy surrounding artificial intelligence (AI), and investors will be scrutinizing the company’s earnings results for evidence that spending on AI is actually boosting sales. Nvidia’s semiconductors are used in computers powering AI applications and the company has emerged as one of the most popular ways for investors to gain exposure to the frenzy surrounding AI aft…

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