Nvidia Earnings Loom: US Stocks Await Chipmakers Results

US stock markets closed lower on Wednesday as investors anxiously awaited Nvidia`s second-quarter earnings report. Expectations are high for Nvidia to report strong revenue exceeding $28 billion, fueled by the excitement surrounding artificial intelligence. However, analysts caution that even a minor deviation from these expectations could significantly impact the stock market due to Nvidia`s influence and high valuation. Positive results and future projections from Nvidia could further boost the stock market, while any delays or disappointments might trigger a decline. Investors are also watching for signals from Federal Reserve officials regarding potential interest rate cuts later this year, which could influence market movements.