Nvidia Earnings and the Fed's Preferred Inflation Gauge: What to Know this Week
Nvidia's earnings release after the bell on Wednesday is expected to headline the week ahead, with reports from Home Depot (HD), Lowe's (LOW), and Salesforce (CRM) also in focus. The company's quarterly results are likely to provide insights into the state of the AI trade, which has struggled to gain traction this year. Investors will be watching for hints about future demand for Nvidia's chips, as well as any commentary from CEO Jensen Huang on the competitive landscape.
- A strong earnings report from Nvidia could signal a rebound in AI chip demand, but the company's exposure to the volatile tech sector means that investors should remain cautious.
- How will the Fed's preferred inflation gauge, the "core" Personal Consumption Expenditures (PCE) index, impact expectations for interest rate cuts and the overall direction of monetary policy?