Nvidia's upcoming profit report on Wednesday carries big potential repercussions for the market
A sign for a Nvidia office building is shown in Santa Clara, Calif., Wednesday, Aug. 7, 2024. ? Anyone with an S&P 500 index fund is hoping to get an answer to that weighty question next week.When Nvidia reports its latest quarterly results on Wednesday, analysts are looking for its revenue to have surged to $28.65 billion in the spring, up 112% from a year earlier.
Combined with Nvidia's big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500's total return for the first six months of the year. All that from just one of the 500 companies in the index, or 0.2% of its membership.
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