What if Nvidia’s results are too good? Get set for markets’ next test
It seems obvious that great quarterly numbers from the chipmaker will make investors happy. But there’s a chance its guidance could add to AI spending fears.
A fourth straight day of red on the S&P 500, to add to the seven straight down days on the ASX 200. Bitcoin briefly below $US90,000. And the world’s most important stock, chipmaker Nvidia, down yet again before its third quarter earnings result on Wednesday night.
Forget the Santa rally, it’s starting to feel like Scrooge is in control. Exactly why markets have suddenly turned “risk off” is hard to say, but three theories stand out.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
