Stocks closing near session lows
Nvidia will release their 2nd quarter earnings after the close today.
The chipmaker is expected to see earnings rise to $1.97 from last year's $1.24 on revenues of $3.7 billion vs. $2.6 billion a year ago. The adjusted gross margins are expected to rise to 61.9% from 60.1% in 2020.
Nvidia has been riding the surging wave of gameplaying as a result of the coronavirus
Nvidia shares are are currently trading down $-5.12 or -1.04%. Nvidia shares are trading up 106.28% year to date. The one year return is at 189.14%
The major indices are closing weaker and dragging down Nvidia in the process before the earnings.
