The current stock market rally has three principal legs to stand on: a belief in “immaculate disinflation,” robust macroeconomic growth, and NVIDIA’s AI-driven gains. Yet, if Citi’s projections pan out, one of these legs is about to give way, at least momentarily. NVIDIA is slated to announce its latest quarterly earnings on the 22nd of May, 2024. While the past few earnings disclosures have seen NVIDIA’s stock post outsized gains on the back of fierce AI-related tailwinds, the upcoming event might prove to be a deviation from this bullish pattern. To wit, Citi has now published its views on NVIDIA’s […]
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