3 Key Events in the Coming Week That Could Move AI Stocks and Crypto

详细摘要

Nvidia earnings, Fed minutes and Anthropic’s IPO land within 48 hours, testing the AI selloff in stocks and crypto.

Nvidia earnings, Fed minutes, and Anthropic's IPO all land between Tuesday and Thursday in the coming week. Each will test an AI selloff that has also spilled into crypto.

Rates add a second layer of risk. Traders now price in a December Fed rate hike, which could add pressure on both markets.

Nvidia goes first on Tuesday after the close, with results for a quarter Jensen Huang still ran.

He resigned as CEO on November 12, leaving finance chief Colette Kress in charge as interim CEO.

His exit deepened the stock's slide. Nvidia shares sank more than 10% that day and are now down 12.68% this year.

Expectations remain high regardless. Zacks consensus puts earnings per share (EPS) at $2.49 on $108.99 billion in revenue. Analysts have even nudged that EPS figure up by a penny over the past 60 days.

That revenue estimate tops the $108 billion midpoint Nvidia set in its August outlook. A result that only matches guidance could still disappoint.

There is also a precedent for interim handovers. After Intel put its finance chief in charge in 2018, its stock lost 11.7% that year.

The Fed then releases minutes from its October 27 to 28 meeting on Wednesday at 2 p.m. ET.

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