The Week Ahead: All Eyes on Nvidia as AI Giant Reports Earnings Wednesday

TLDR

• Nvidia reports quarterly earnings on Wednesday as investors watch for signs of continued demand in AI technology and market volatility in the sector
• Walmart releases results on Thursday following the announcement that John Furner will replace Doug McMillon as CEO on February 1
• The government shutdown, which lasted 43 days and was the longest in U.S. history, ended last week and will allow economic data releases to resume
• Housing market data including existing home sales for October will be released Wednesday, with the market remaining near decades-low levels for over two years
• Other major retailers reporting this week include Target, Home Depot, Lowe’s, TJX Companies, and Ross Stores

This week brings earnings reports from AI chipmaker Nvidia and retail giant Walmart. The releases come as markets recover from recent volatility and the government restarts data collection after a 43-day shutdown.

Nvidia will report its quarterly results on Wednesday. The company is currently the world’s most valuable by market capitalization. In its last earnings report, Nvidia beat expectations by a small margin.

The AI sector has caused recent market swings. Investors worry about whether company valuations match their actual performance. Demand for AI technology remains a key question for shareholders.

Walmart reports earnings on Thursday. The company recently announced John Furner will become CEO on February 1. He will replace Doug McMillon in the role.

Walmart’s stock price reached an all-time high in October. The company is the world’s largest retailer. Its results often signal broader trends in consumer spending.

Target will also report earnings this week. The company announced new leadership during its last quarterly report. Home Depot releases results on Tuesday after raising its outlook due to increased demand for home improvement projects.

Lowe’s will report on Wednesday. Discount retailers TJX Companies and Ross Stores are also scheduled to release earnings. These reports will give investors a clear picture of the retail sector’s health.

Housing Market Data Expected

The housing market remains a focus for investors this week. Existing home sales data for October will be released on Wednesday. Sales have stayed near decades-low levels for more than two years.

The market freeze affects both buyers and sellers. High interest rates and limited inventory continue to constrain activity. Housing starts data, which measures new home construction, may also be released if government agencies have caught up from the shutdown.

The Federal Reserve’s October meeting minutes will be published this week. The document will show discussions about interest rate decisions. Some Fed officials disagree on the right path forward.

Consumer sentiment data for November will be released Friday. An earlier report showed the government shutdown made some consumers nervous about the economy. The final reading will confirm whether those concerns continued.

Government Data Resumes After Shutdown

The government shutdown ended last week after 43 days. It was the longest work stoppage in U.S. history. The furlough prevented workers from collecting economic data during that time.

Investors and Federal Reserve officials use this data to assess the economy’s direction. Several reports were delayed during the shutdown. It remains unclear if all agencies will return to their normal release schedule this week.

Some reports may still face delays. The September jobs report was originally scheduled for October 3. White House officials suggested last week that a complete report might not be available this month.

Manufacturing data from S&P Global will be released Friday. The report does not depend on government collection and will provide insight into factory activity. The University of Michigan consumer sentiment index will also be published Friday.

The S&P 500 finished last week nearly flat. The Nasdaq Composite lost 0.4 percent. The Dow Jones Industrial Average gained 0.3 percent. These results came after a volatile week that included a tech-led sell-off on Thursday.

Bitcoin fell below $95,000 on Friday. The drop nearly erased year-to-date gains for the cryptocurrency. The sell-off affected sentiment across financial markets.

Over 90 percent of S&P 500 companies have reported third-quarter results. Earnings are tracking toward 13.1 percent growth compared to last year. This would mark the fourth consecutive quarter of double-digit gains if the trend holds.

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