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A chunk of the spotlight next week will be dominated by Nvidia (NASDAQ:NVDA), as the world’s largest publicly listed company by market cap gears up for its fiscal third quarter results scheduled on Wednesday. The chipmaker has continuously delivered blowout numbers since the artificial intelligence (AI) boom amid soaring demand for its chips that can power complex AI processes, and its quarterly reports have become market-moving events. Aside from Nvidia (NVDA), investors will also get an idea on the state of the consumer from retail giants Walmart (NYSE:WMT) and Target’s (NYSE:TGT) earnings.
The economic calendar is fairly light next week. Market participants will receive updates on the housing market, along with initial jobless claims. Flash PMI readings on manufacturing and the services sector will grab attention on Friday. There are several Federal Reserve officials that will be giving speeches, and their comments will be parsed after recent data and comments from chair Jerome Powell has caused a reassessment of the central bank’s pace of interest rate cuts.
In terms of geopolitics, U.S. President Joe Biden will meet with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation Summit in Peru, in what will be the third in-person meeting between the two leaders since Biden came into office and their final meeting as presidents. With Donald Trump set to return to the White House for a second term, the relationship between the world’s two largest economies will be back in the spotlight amid promises of tariffs.
Earnings spotlight: Monday, November 18 – Trip.com Group (
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