The Paris Stock Exchange moves forward on Wednesday, confident before the results of the American giant Nvidia chips, first global capitalization. Around 9 a.m., the CAC 40 took 0.31% to 7,252.08 pointseither an increase of 22.44 points. On Tuesday, it fell 0.67% to 7,229.64 points, a drop of 48.59 points. weighed down by the risk of military escalation in Ukraine.
“Market attention focused on Nvidia’s quarterly results”summarize the Natixis economists. The American semiconductor champion, the world's largest capitalization, presents its third quarter results in the evening, after Wall Street closes. At the beginning of November, the group became the world's largest capitalization after overtaking Apple, posting a capitalization of approximately $3,480 billionahead of the Apple firm's 3,400 billion, more than the total weight of the CAC 40.
Stock market: is it time to sell Nvidia stock after more than 1,000% gains?
Nvidia could provoke “a possible negative market reaction”
According to what he announces, “Nvidia has an opportunity to consolidate its dominance or trigger a market revaluation that could ripple through the technology sector and beyond”and highlighted Stephen Innes of SPI Asset Management. “Given the very high expectations, one might wonder whether the company can still surprise”however, warns Christopher Dembik, investment specialist at Pictet AM.
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“In the short term, we may see a negative market reaction. This will be the good excuse to take profits”he adds. The markets will be on the lookout for any information regarding the new Blackwell chip, “the most powerful in the world” according to Nvidia, which promises commercialization by the end of the year. It would suffer from overheating problems, according to recent information from American media.
How will the war in Ukraine evolve? The CAC 40 on the lookout
The CAC 40 will also continue to “carefully monitor the situation in Ukraine”, after the verbal and military escalation of recent days, according to John Plassard, investment specialist at Mirabaud. Christine Lagarde's speech around 2 p.m. to open the annual conference of the European Central Bank (ECB) on “financial stability and macroprudential policy» in Frankfurt, will also be followed very closely.
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FDJ falls
La Française des Jeux (FDJ) lost around 9 a.m. 4.88% to 37.42 euros on the expanded SBF 120 index after Crédit Agricole Assurances (CAA) announced on Wednesday the sale, via its subsidiary Predica, of some 4 million of shares, or 2.2% of the capital of this company, at a price of 36.60 euros per share.
Elior dives
The title of the collective catering group Elior plunged 16.52% to 3.43 euros, after results for its delayed 2023/2024 financial year generally held up well, but with a lower operating margin forecast than expected for next year. The group is counting on an Ebita margin of 3% for its 2024/2025 financial year, compared to a forecast of 3.41% anticipated by the consensus of analysts cited by Bloomberg.
