An eventful week that included Nvidia earnings and Jerome Powell’s Jackson Hole address ended with a solid if not spectacular 0.8% gain for the S&P 500 SPX, which at least brought a streak of three successive weekly declines to an end.
It’s worth revisiting Nvidia NVDA. According to FactSet, Nvidia’s earnings beat Wall Street estimates by 29.7% — a larger beat that the 18% beat last quarter, when the market awoke to the potential of artificial intelligence plays to make money right now. Nvidia sales were 21% ahead of expectations…
This article was originally published by Marketwatch.com. Read the original article here.