Nvidia's outsized representation in day-to-day stock trading could leave investors more vulnerable should the chipmaker's revenue growth fail to meet investors' high expectations and puncture a Wall Street rally that has been fueled by euphoria about artificial intelligence.
The Santa Clara, California chipmaker's quarterly report on Wednesday, will be one of Wall Street's most watched events of the week. Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia's stock soaring 47% in 2024.
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