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What is probably the key single stock Q2 earnings event this summer will be released at 8.20pm GMT tomorrow evening. Actually, you know what; it is the key earnings data for the Q2 season and as such it is hugely anticipated by the markets. As noted here; this analyst will be absent when NVIDIA (NVDA) release those earnings, but you need to be aware of what might happen, if the markets get a real surprise. Some leading analysts have forecast as much as a 10-20% decline in the share price, if NVDA disappoints tomorrow evening. So, given its huge weighting in the Nasdaq 100 (8.24%) and S+P 500 index (6.49%) this could have a dramatic impact on both index futures after the closing bell. Right now the forecast for NVDA Q2 earnings is an EPS of $0.64 per share on earnings of $28.68 Billion. What we already know ahead of this release, is the Nasdaq 100 seems to be taking no chances by charging to a new record high in advance of what might be a miss on the results from NVDA. Of course, if they beat on forecasts, it will be an entirely different matter for the Nasdaq 100 and the S+P 500. The Nasdaq 100 futures are just now pricing the opening today at around 19,530, where the index closed last night at 19,516
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