More than 90 S&P 500 companies have reported results, with 76% of those exceeding estimates, FactSet data shows.
Evercore ISI has its eyes set on a handful of chip stocks ahead of earnings, including Nvidia and Broadcom . The third-quarter earnings season has surpassed Wall Street estimates. More than 90 S & P 500 companies have reported results, with 76% of those exceeding estimates, FactSet data shows. Chip stocks will come into focus later in the season, with artificial intelligence bellwether Nvidia slated to report on Nov. 20.
mountain Nvidia will report third-quarter results on Nov. 20. Broadcom also made the list. Shares have climbed nearly 61% in 2024. The chipmaker surpassed analyst estimates last month on the top and bottom line. Moving forward, the company said it expects to sell $12 billion worth of AI parts and semiconductors in 2024.
mountain Broadcom will report fourth-quarter results on Dec. 5. Other semiconductor stocks Evercore ISI is eyeing heading into earnings include Marvell Technology and AMD .
Markets NVIDIA Corp Broadcom Inc Ishares Semiconductor ETF Taiwan Semiconductor Manufacturing Co Ltd Taiwan Semiconductor Manufacturing Co Ltd Marvell Technology Inc Advanced Micro Devices Inc Vaneck Semiconductor ETF Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evercore ISI gives Harris/Walz and Trump/Vance stock picks to trade electionA Harris win could boost clean energy stocks, while a Trump win could benefit financial and energy names, the firm said.
Read more »
Evercore ISI is 'fading the rally' in shares of this sporting-goods store chainEvercore ISI is 'fading the rally' in shares of this sporting-goods store chain
Read more »
Apple can deliver upside to low iPhone 16 sales expectations: Evercore ISIApple can deliver upside to low iPhone 16 sales expectations: Evercore ISI
Read more »
Evercore's top ideas for a Harris/Blue SweepEvercore's top ideas for a Harris/Blue Sweep
Read more »
Evercore's top ideas for a Trump/Red SweepEvercore's top ideas for a Trump/Red Sweep
Read more »
China opted not to give all planned stimulus in one go due to Trump risk: EvercoreChina opted not to give all planned stimulus in one go due to Trump risk: Evercore
Read more »