Wall Street turns to Nvidia earnings in the week ahead as stocks try to keep their November momentum

Source: cnbc.com cnbc.com

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Nvidia earnings will be in focus in the Thanksgiving-shortened week ahead, as investors consider the sustainability of the November rally heading into year-end. The chip giant, which reports Tuesday, is anticipated to show solid third-quarter results. Nvidia is expected to have earned $3.37 per share on revenue of $16.19 billion, according to consensus estimates from FactSet. The revenue figure alone would be above its $16 billion guidance for the quarter, and also higher than the $5.9 billion registered a year earlier, highlighting just how crucial the company's graphics processing units (GPUs) have become to the growth of artificial intelligence. But...