Nvidia is expected to be the biggest contributor to Q3 corporate profits. ‘The bar is very high,’ analyst says
November 19, 2023 at 10:31 AM EST
Shares of chip maker Nvidia Corp. are up more than 240% this year, helped by this year's AI boom and record quarterly results. The company, worth around $1.2 trillion now, is big enough that it is expected to be the largest driver of profit growth for the S&P 500 index SPX overall for the third quarter.