Thoughts on AI market impact with NVIDIA's upcoming earnings
Been thinking a lot about the AI space leading up to NVIDIA's earnings. While not directly an AI pure play like some of the smaller cap stuff we see bounce around, their performance is such a bellwether for the broader sentiment. I'm leaning towards a scenario where we see continued strength in related sectors, even if the report itself isn't a blowout. The narrative of AI adoption seems to have strong legs.
My gut feeling is a 65-70% chance we see $ZAPP recover some of its recent losses, maybe back towards the $0.18-$0.20 range, within the next two weeks, assuming NVDA delivers even moderately positive guidance. It's heavily beaten down, and a broader positive sentiment wave could easily lift it. Conversely, if NVDA disappoints, we could see more downward pressure across the board, but I think that's a lower probability given current market whispers.
I agree that NVIDIA's earnings are a key indicator, even if they aren't a direct "AI pure play." Their performance often signals the health and confidence in the broader tech infrastructure that supports AI, and that narrative seems to be very strong right now.