Another Nvidia earnings week is upon us, but this one will be unlike any other. The chipmaker at the heart of the artificial intelligence boom reports quarterly results Tuesday evening, marking Nvidia's first earnings report in its 27-year history as a public company without Jensen Huang as CEO. Huang resigned last week amid a widening scandal over alleged affairs. Ever since Nvidia stunned Wall Street with its guidance in May 2023 , the company's earnings reports and conference calls have been can't-miss events. They've offered a crucial checkup on the health of the AI spending surge and a chance to hear from the visionary executive whose company enabled much of the innovation and created trillions of dollars of shareholder value. Tuesday night will still be can't-miss, but for different reasons. Gone will be Huang's big-picture commentary and visions for the future. Instead, interim CEO and longtime CFO Colette Kress will have to make the case for one of the most consequential technology companies of our time. Nvidia will share the spotlight this week with what could be one of the…
3 big things we're watching in the stock market in the week ahead
In short
Nvidia will deliver its quarterly results under interim CEO Colette Kress following the recent resignation of longtime leader Jensen Huang, while the stock grapples with a steep November decline. Meanwhile, artificial intelligence startup Anthropic is scheduled to launch its landmark initial public offering on the Nasdaq this Thursday. Investors will also digest earnings from retail giants like Home Depot and assess economic data, including retail sales and Federal Reserve meeting minutes.
Key points
- Market sentiment will hinge heavily on corporate leadership transitions across major tech…: Market sentiment will hinge heavily on corporate leadership transitions across major technology and retail bellwethers this week.
- Significant artificial intelligence milestones, including Anthropic's public debut and Nv…: Significant artificial intelligence milestones, including Anthropic's public debut and Nvidia's call under new management, will test investor confidence.
- Macroeconomic updates including October Federal Reserve minutes, retail sales figures, an…: Macroeconomic updates including October Federal Reserve minutes, retail sales figures, and industrial production data will provide broader economic context.