All eyes are on the markets as we are about to get Nvidia's (NVDA) fourth quarter earnings – the most anticipated company results so far this year. Market impact (00:00:14) The chip giant’s earnings could be a make or break moment for markets, which pulled back after hotter than expected inflation data – only furthering hopes that Nvidia can turn things around. Stock performance (00:00:28) The stock is up about 47 percent this year, which made Nvidia surpass both Amazon (AMZN) and Alphabet (GOOG, GOOGL) in market cap. This comes after a rally of over 200 percent in 2023.  All that rallying means Nvidia has gotten pricey. If forward guidance doesn’t justify the company’s valuation, the AI-powered Nvidia balloon could pop.One Bank of America (BAC) analyst said while any post earnings moves would be notable, they’d also be brief. Company revenue (00:00:58) That could be in part due to the company’s revenue – which is expected to triple this quarter to over $20 billion. For context, the company’s full year revenue in 2023 was $27 billion.  The increase is primarily due to data center revenue, which accounts for about 80 percent of Nvidia's sales. Wedbush analysts are zeroing in on data center results, which they expect to deliver.Regardless of the outcome, investors seem to agree on one thing – it will be market moving...

Nvidia will report its Q4 earnings after the bell on Wednesday...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

In this article, we will look at the world’s 20 most expensive countries to live in 2024. If you want to skip our discussion about post-pandemic inflation in the United States, head over to the World’s 7 Most Expensive Countries to Live In 2024. The cost of living in the United States has increased significantly […]...