Sat, Nov 16, 2024 6:42 PM
Nvidia earnings on deck as AI kingpin tightens grip on $1 trillion market
A Flip by Avya Verma
US inflation is proving stubborn while consumer spending shows scant signs of any concerning slowdown, laying the groundwork for a more cautious approach to interest-rate cuts from the Federal Reserve. Even though inflation has dropped notably over the past two years, the government’s October consumer price report underscored the challenge facing Fed officials.
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After a lagged public offer, food delivery giant Swiggy delivered a powerful stock market debut, beating analysts' estimates. D-Street experts say the new-age tech stock is poised for a strong run on the bourses, similar to its rival Zomato, which is now a multibagger stock. After an intense competitive period (FY15-18) during which multiple food delivery offerings contended to stay afloat.
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Walmart is set to report earnings on Tuesday, with analysts expecting sales growth as its customer base expands across income levels, driven by market share gains and a growing digital advertising business that boosts profit margins. The retailer is projected to report quarterly revenue of $167.73 billion and net income of $4.24 billion. Walmart shares are up 60% this year.
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