Stocks hit record highs as Nvidia earnings awaited [Wealth Professional (Canada)]
Palo Alto Networks, Inc. (PANW)
Last palo alto networks, inc. earnings: 2/24 04:15 pm
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Source: Wealth Professional
Stocks ticked higher Tuesday, with the S&P 500 and the Nasdaq Composite closing at new records, as investors looked toward artificial intelligence favourite Nvidia's earnings report Wednesday, according to CNBC The tech-heavy Nasdaq Composite rose 0.22 percent to 16,832.62. The S&P 500 added 0.25 percent to 5,321.41. The Dow Jones Industrial Average closed 0.17 percent higher at 39,872.99. Nvidia shares advanced 0.6 percent prior to its earnings report due Wednesday after the close. Analysts expect the semiconductor giant to post another strong batch of results. Shares have surged about 92 percent in 2024 alone and have soared 205.1 percent over the past 12 months. The stock has been at the centre of a market rally largely led by enthusiasm that AI will boost corporate profits Investor positioning in Nvidia shares is currently very heavy, noted Matt Rowe, head of cross asset strategies at Nomura Private Capital. “People don't [want] to miss out on participating on the print i
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News
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PANW
Earnings
- 5/20/24 - Beat
PANW
Sec Filings
- 6/13/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- PANW's page on the SEC website