Nvidia on Deck, Wall Street Gains Pre-Bell; Asia, Europe Up

Morning bid: Buoyant start to ‘Nvidia week’

World markets, heady on hopes for renewed U.S. disinflation and another attempt by China at shoring up its ailing housing sector, entered the new week on the front foot as attention switched back to the artificial intelligence boom. AI-bellwether Nvidia reports quarterly earnings on Wednesday with the bar to impress the investor gallery as high as ever – its stock has almost doubled again this year so far after tripling in 2023. And that’s with good reason – the chipmaking giant’s revenue is expected to have more than trebled to $24.8 billion from $7.2 billion a year earlier, with earnings per share soaring to $5.57 from $1.09, according to LSEG data.

Reuters•

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