Nvidia's (NVDA) upcoming earnings are the talk of Wall Street as the chip company could make major waves for the broader market as it holds about 5% of the total weight of the S&P 500 (^GPSC).
Skybridge Capital Founder Anthony Scaramucci joins Catalysts to give his take on Nvidia's earnings expected out after Wednesday's closing bell and how he believes Nvidia will play out in both the long and the short term.
"Nvidia is growing and evolving. Could it have a short-term impact on the market here? No question. Do we own it? We own it. Are we staying in it? Yes," Scaramucci claims. "I just point out to people that are listening: There's a guy named Warren Buffett, he made a 70-year bet on America sometime in 1954. He decided, I'm getting long, America. I'm getting long, super high-quality companies... and I think people have to start thinking like that again. Nvidia is one of those names. I think if you hold it over the next decade, you're going to be very well rewarded."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Skybridge Capital Founder Anthony Scaramucci joins Catalysts to give his take on Nvidia's earnings expected out after Wednesday's closing bell and how he believes Nvidia will play out in both the long and the short term.
"Nvidia is growing and evolving. Could it have a short-term impact on the market here? No question. Do we own it? We own it. Are we staying in it? Yes," Scaramucci claims. "I just point out to people that are listening: There's a guy named Warren Buffett, he made a 70-year bet on America sometime in 1954. He decided, I'm getting long, America. I'm getting long, super high-quality companies... and I think people have to start thinking like that again. Nvidia is one of those names. I think if you hold it over the next decade, you're going to be very well rewarded."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance