Wall St Week Ahead: Nvidia earnings to test searing AI trade


Traders are pricing in a swing of around 10.3% in Nvidia’s shares the day after the company reports earnings. — AFP

NEW YORK: The rally in US stocks faces an important test next week with earnings from chipmaking giant Nvidia, whose blistering run has powered markets throughout 2024.

The S&P 500 has pared a sharp drop it suffered after US economic worries contributed to a sell-off at the beginning of the month and again stands near a fresh all-time high.

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