NVIDIA May Raise Its Already Staggering AI Growth Outlook

NVIDIA Corp. (NASDAQ: NVDA ) stock rose more than 1% in Tuesday’s premarket session as risk appetite improved. Nasdaq futures gained 0.97%, while S&P 500 futures rose 0.49%. Investors are positioning ahead of NVIDIA’s earnings report on Wednesday. Trading can become more volatile before a major earnings event as investors adjust their exposure. Meanwhile, NVIDIA shares are near several widely watched moving averages. As a result, even modest buying could influence the stock’s short-term direction. Beyond the headline results, Wall Street will focus on NVIDIA’s Rubin product cycle, gross margins and financial support for major AI projects. Rasgon Sees Rubin Driving Data Center Growth Bernstein analyst Stacy Rasgon told CNBC on Saturday that he expects NVIDIA to report strong quarterly results. However, he will closely watch management’s comments on the Ru...