Is Nvidia too big to fail?
CNN
How big is too big? That’s the question on a lot of investors’ minds Wednesday as they wait for Nvidia to report its earnings for the fourth quarter after the market closes.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. How big is too big? That’s the question on a lot of investors’ minds Wednesday as they wait for Nvidia to report its earnings for the fourth quarter of 2023 after the market closes. The California-based chipmaker has quickly become the third largest company on Wall Street, behind Microsoft and Apple, largely because of its critical role in the artificial intelligence boom — Nvidia makes up nearly all of the AI chipmaking market in the United States. But with a market cap of $1.7 trillion and a year-to-date return of about 40% (the best in the S&P 500), the company has a lot to live up to. Investors expect Nvidia to report earnings of $4.59 a share and $20.378 billion in revenue, up from just $6.05 billion a year before.
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