{"id":141373,"date":"2023-09-01T21:39:08","date_gmt":"2023-09-01T16:09:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141373"},"modified":"2023-09-01T21:39:08","modified_gmt":"2023-09-01T16:09:08","slug":"nvidias-role-in-nasdaq-rally-underscored-as-q2-earnings-report-comes-in-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nvidias-role-in-nasdaq-rally-underscored-as-q2-earnings-report-comes-in-crypto-news\/","title":{"rendered":"NVIDIA\u2019s role in Nasdaq rally underscored as Q2 earnings report comes in &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>The financial world is eagerly awaiting NVIDIA\u2019s Q2 earnings report today, a reflection of the critical role this technology giant plays in influencing the broader market dynamics. With an expected EPS of 2.09 and a projected revenue of $11.08 billion, the stakes are high. According to <em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-23\/nvidia-earnings-are-high-stakes-event-for-ai-crazed-markets#xj4y7vzkg\">Bloomberg<\/a><\/em>, the Nasdaq has risen a substantial 36.3% YTD, with NVIDIA contributing significantly to this rally. NVIDIA\u2019s own performance has been stellar, boasting an impressive 220% increase.<\/p>\n<p>The data compiled by Bloomberg also highlights the concentrated influence of a handful of tech behemoths on the Nasdaq\u2019s performance. NVIDIA, along with Microsoft, Apple, Amazon, and Meta, collectively account for two-thirds of all Nasdaq\u2019s 36% gain YTD. This data underscores these tech giants\u2019 sway and the subsequent impact on investor sentiment. As the market braces for NVIDIA\u2019s earnings today, analysts will be focusing on the broader market implications influenced by this concentration of corporate power.<\/p>\n<figure id=\"attachment_352264\" aria-describedby=\"caption-attachment-352264\" style=\"width: 1229px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-352264\" class=\"wp-caption-text\">Nasdaq performance: (Source: Bloomberg)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/nvidias-role-in-nasdaq-rally-underscored-as-q2-earnings-report-arrives\/\">NVIDIA\u2019s role in Nasdaq rally underscored as Q2 earnings report comes in<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take The financial world is eagerly awaiting NVIDIA\u2019s Q2 earnings report today, a reflection of the critical role this technology giant plays in influencing the broader market dynamics. With an expected EPS of 2.09 and a projected revenue of $11.08 billion, the stakes are high. According to Bloomberg, the Nasdaq has risen a substantial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":141374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-141373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141373"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141373\/revisions"}],"predecessor-version":[{"id":141375,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141373\/revisions\/141375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/141374"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}