Wall Street Week Ahead: Nvidia earnings, Anthropic IPO, Federal Reserve minutes, retail sales - Top things to watch

Detailed summary

Nvidia's earnings announcement on Tuesday will be among the biggest events of the week, as investors look for indications that demand for AI infrastructure remains strong amid concerns over the sustainability of massive investments in the sector

Wall Street is heading into a crucial week, with investors closely tracking Nvidia's quarterly earnings, artificial intelligence (AI) company Anthropic's proposed initial public offering (IPO) and the release of the Federal Reserve's October meeting minutes. These developments, along with key US economic indicators and corporate earnings, are expected to influence sentiment across American stock markets.

Nvidia's earnings announcement on Tuesday will be among the biggest events of the week, as investors look for indications that demand for AI infrastructure remains strong amid concerns over the sustainability of massive investments in the sector.

Meanwhile, Anthropic's proposed stock market debut and fresh signals on the US economy could add to market volatility.

The US semiconductor giant is scheduled to announce its fiscal third-quarter results on Tuesday.

According to LSEG data, analysts expect Nvidia to report earnings growth of around 90% on revenue of approximately $109 billion.

Investors will particularly focus on the company's outlook for AI-related spending and demand for its advanced chips, which have been at the centre of the global AI investment boom.

Nvidia shares came under pressure last week amid controversies surrounding its longtime chief executive and co-founder Jensen Huang, according to the developments outlined in the report.

The company's market capitalisation has also declined significantly. LSEG data showed that Nvidia's valuation fell from approximately $5.8 trillion in early October to $3.9 trillion as of Friday.

The latest results could provide investors with a clearer picture of whether the massive spending on AI infrastructure is translating into sustained demand for Nvidia's products.

Opening of the article, excerpted from Mint. To read the rest, open the article on the publisher's site.