Wall Street is heading into a crucial week, with investors closely tracking Nvidia's quarterly earnings, artificial intelligence (AI) company Anthropic's proposed initial public offering (IPO) and the release of the Federal Reserve's October meeting minutes. These developments, along with key US economic indicators and corporate earnings, are expected to influence sentiment across American stock markets.
Nvidia's earnings announcement on Tuesday will be among the biggest events of the week, as investors look for indications that demand for AI infrastructure remains strong amid concerns over the sustainability of massive investments in the sector.
Meanwhile, Anthropic's proposed stock market debut and fresh signals on the US economy could add to market volatility.
The US semiconductor giant is scheduled to announce its fiscal third-quarter results on Tuesday.
According to LSEG data, analysts expect Nvidia to report earnings growth of around 90% on revenue of approximately $109 billion.