Wall Street: Jensen is gone. Now Nvidia has to deliver!

Wall Street starts the day in a friendly manner, with the Dow Jones in the lead. Producer prices were slightly below expectations in October.

Nvidia continues to dominate the headlines. After the resignation of CEO Jensen Huang, attention is increasingly turning to the upcoming quarterly figures. In the short term, the mood is quite constructive. If Nvidia confirms its forecast of around 70 percent sales growth for the coming financial year, it should give the share a tailwind.

In the medium term, however, questions remain as to how aggressively the new leadership under Colette Kress will continue to finance customers and whether Washington will further tighten export restrictions to China.

Operationally, AI demand remains strong: Cisco raises its AI infrastructure revenue forecast to $9 billion, Applied Materials says demand for advanced semiconductors remains well above supply, and Cerebras reports an AI inference pipeline that has increased more than tenfold.