22 August 2023
Money in the Market: What can we expect from Nvidia's eagerly-anticipated earnings report?
August hasn’t been a great month for technology stocks.
Before the start of this week, the Big Tech companies, notably Apple, Nvidia, Meta and Microsoft fell at least 10 percent from their highs in July. Tesla, meanwhile, declined by more than 25 percent in that period.
Yesterday, however, Nvidia's shares soared as more analysts raised their price targets on the stock, a potential sign of growing optimism about the chipmaker’s highly anticipated earnings results later this week.
The other major players too, reported gains overnight.
So is this merely a brief respite from the stormy weather for tech stocks, or the beginning of a revival in its fortunes?
On Money in the Market, Emaad Akhtar speaks to Maximilian Koeswoyo, Research Analyst, Philip Securities Research, to find out more.

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