Swiss bank: Nvidia credit default protection costs drop before financial report announcement.
Due to the optimistic sentiment prior to the release of the company's financial report, Nvidia's credit default insurance costs have decreased; The financial report is expected to be released after the U.S. stock market closes on Wednesday. Ipek Ozkardeskaya of Swiss Bank stated in a report: "It is expected that the company will report around 7.9 billion U.S. dollars in revenue, an increase of about 15% from the previous quarter and nearly 80% from the same period last year." S&P Global Market Intelligence data shows that Nvidia's 5-year credit default swap dropped 1 basis point to 42 basis points.
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