This chip stock that’s been hotter than Nvidia is set to report earnings. Here’s what analysts expect
The company is scheduled to post its fiscal third-quarter earnings on Wednesday after the bell, and analysts are taking a rather optimistic view.
Latest World News copy
- Nvidia shares hit record as AI chipmaker again becomes world's most valuable companyNvidia closed at an all-time high as investors gain confidence that the chipmaker will power through China restrictions.
- Asia-Pacific markets set to trade mixed as Middle East tensions appear to easeFederal Reserve Chair Jerome Powell maintained a cautious stance on inflation and tariffs during his second day of Capitol Hill testimony.
- CNBC's The China Connection newsletter: Whispers of a new world order in TianjinThe rustlings this week at the "Summer Davos" conference in Tianjin, China, were about navigating a future less intertwined with Washington.
- Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target"We're negotiating with Spain on a trade deal and we're going to make them pay twice as much," Trump said after the country refused to meet the spending target.
- BP shares rise on takeover speculation; Shell deniesIt is unlikely Shell would purchase the entirety of BP, people familiar with the matter told CNBC's Brian Sullivan.
- Stock futures are little changed as S&P 500 nears new record high: Live updatesThe moves come after the S&P 500 finished Wednesday's session flat.