Nvidia reports quarterly results on Tuesday as trading in Anthropic shares is expected to begin Thursday, testing sentiment on the AI trade. Retail sales, Federal Reserve minutes and results from Walmart, Target, Home Depot and Lowe’s are also due.
Nvidia’s quarterly report on Tuesday and the expected Thursday start of trading in Anthropic shares are set to test sentiment on the AI trade. Nvidia shares fell this week after controversies involving longtime CEO Jensen Huang, who stepped down on Thursday.
Analysts expect Nvidia to report fiscal third-quarter earnings growth of 90% on revenue of $109 billion, according to LSEG data. The company’s market capitalization fell from about $5.8 trillion in early October to $3.9 trillion as of Friday. Interim CEO Colette Kress, previously the company’s chief financial officer, will be under pressure to shore up investor confidence.
Anthropic’s IPO is set to value the company at up to $1.4 trillion, with the company and some investors aiming to raise up to $64.4 billion by selling 825 million shares. The US retail sales report is due Tuesday, Federal Reserve meeting minutes on Wednesday, and Walmart, Target, Home Depot and Lowe’s are among retailers reporting results next week.
