Earnings live updates: Nvidia and Walmart, 2 important bellwethers for the US economy, report results this week
Quick Take
Nvidia and Walmart, key economic indicators, report earnings this week.
Key Points
- Nvidia's performance impacts tech sector outlook.
- Walmart's results reflect consumer spending trends.
- Both companies are crucial for economic forecasts.
📖 Reader Mode
~2 min read1 min read
Investors will get highly anticipated quarterly results from Nvidia (NVDA) on Wednesday in what’s expected to be the marquee earnings event of the week.
Nvidia’s report serves as a barometer of artificial intelligence trade and comes as the AI chipmaker faces increasing competition from rivals such as Cerebras (CBRS) and AMD (AMD), as well as its customers Amazon (AMZN) and Google (GOOG).
So far this earnings season, S&P 500 companies have impressed market watchers by printing profits, even amid ongoing risks from the Iran war, and the index is on track for double-digit earnings growth. Reports from semiconductor companies so far underscore that the artificial intelligence boom remains a key market driver.
Also reporting this week are a handful of retail companies, including The Home Depot (HD), TJX Companies (TJX), Lowe’s Companies (LOW), Target Corporation (TGT), and Walmart (WMT), which will provide insights on the state of the US consumer.
LIVE 1 update
Although fewer companies are reporting earnings this week than in recent weeks, the days ahead will bring some of the most highly anticipated reports this quarter.
Nvidia (NVDA) will be in focus on Wednesday for the artificial intelligence trade, while Walmart (WMT) and Target (TGT) on Wednesday and Thursday will give investors a good look at consumer spending. Reports from home improvement retailers Lowe’s (LOW) and Home Depot (HD) will also provide insight into the housing market and spending on major purchases.
Here’s a look at the earnings calendar for the week:
Monday: Baidu (BIDU), Trip.com Group (TCOM), Ryanair Holdings (RYAAY)
Tuesday: The Home Depot, Keysight Technologies (KEYS), CAVA Group (CAVA)
Wednesday: Nvidia, Analog Devices (ADI), The TJX Companies (TJX), Lowe’s Companies, Intuit (INTU), Target Corporation, Williams-Sonoma (WSM)
Thursday: Walmart, Deere & Company (DE), NetEase (NTES), Ross Stores (ROST), Workday (WDAY), Zoom Communications (ZM), Ralph Lauren (RL), Deckers Outdoor Corporation (DECK), BJ’s Wholesale Club Holdings (BJ)
Friday: Booz Allen Hamilton (BAH)
— Originally published at finance.yahoo.com
Want this in your inbox every morning?
Daily brief at your local 8am — bilingual EN/中文, free.
More from Yahoo Finance
See more →
These Super Stocks Could Be the Biggest Winners in the AI Inference and Agentic AI Economy
The article highlights top stocks poised for growth in the AI inference and agentic AI sectors.
