“Will AI Pull Forward a U.S. Fiscal Crisis?”
Nvidia is a top-tier company that will beat and raise, but the stock's near-term direction depends on an extraordinary beat and a signal of accelerating AI capex; without it, volatility may increase.
There's of course still these concerns about the AI buildout, inflation. Uh this is all coming ahead of Nvidia's uh big second quarter earnings numbers coming out tomorrow after the close. Uh the stock right now is up 1%.
Uh Darius, what are your expectations in particular when it comes to Nvidia? Uh the thinking that we've heard so far this week from several analysts is that it's not that Nvidia isn't going to beat, but they've really got to beat.
It's got to be an extraordinary beat because the expectations are so high going into this one.