Nvidia’s annual report may impact markets

Nvidia’s upcoming annual financial report is expected to affect the US stock market and tech sector. As the world’s second-largest company, Nvidia’s results could sway major index movements, given its significant weight in the S&P 500 index, notes Saxo Bank’s Oskar Barner Bernhardtsen. Market participants anticipate Nvidia’s fourth-quarter revenue to meet the high end of earlier estimates at around $38 billion. Any changes in Nvidia’s stock can also influence other tech giants reliant on their microchips for AI development. Upcoming forecasts for the first quarter of 2025 and commentary on external factors like Microsoft’s data center investments and China’s AI developments could further drive market responses. Earlier, news about the Chinese AI model DeepSeek decreased Nvidia’s stock by 17%, impacting its market value.