The Daily Chase: Calm before the Nvidia storm

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The Daily Chase: Calm before the Nvidia storm
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Here are five things you need to know this morning.

Watch BNN Bloomberg live.Chipmaker Nvidia is poised to reveal quarterly results after the bell today, and it’s not an exaggeration to suggest the entire market will be waiting to see what the company has up its sleeve. Demand for the company’s next generation semiconductor chip Blackwell has been off the charts, but with those billions of dollars of sales already baked in, there are some questions as to whether or not the company can produce enough of them on time.

The company says it has received “significant inbound interest” from multiple parties “at attractive premiums to the market price of its shares.” Dye & Durham was a high-flying stock during the pandemic following its IPO, but the company’s shares have been sliding lower of late on concerns over debt and pressure from activist shareholders for the company to go in a new direction with a new board.

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