Nvidia Q4 Forecast of $65.6B Revenue, $1.50 EPS May Drive SPDR S&P 500 ETF
Nvidia represents more than 7% of the SPDR S&P 500 ETF Trust’s weighting, so its upcoming Q4 report forecasting $65.6 billion in revenue and $1.50 EPS could materially sway the ETF’s performance. Technical support near $170 and resistance around $195 in Nvidia shares may signal broader market momentum shifts.
1. Nvidia’s Weighting in SPDR S&P 500 ETF Trust
Nvidia represents over 7% of the ETF’s assets, meaning any significant price move in Nvidia shares will materially affect the fund’s total return and volatility.
2. Q4 Revenue and EPS Forecasts
Q4 revenue is forecast at $65.64 billion, up from $39.33 billion year-over-year, with EPS expected at $1.50, extending its streak of revenue and earnings outperformance.
3. Technical Support and Resistance
Technical support for Nvidia shares sits near $170, while resistance is identified around $195, with a break in either direction likely to set the tone for broader market momentum.
4. Implications for SPDR ETF Performance
If Nvidia exceeds projections and breaks above resistance, the ETF could rally on its coattails; conversely, a slip below support may introduce downside risk for the broader index fund.