This Week: Nvidia Earnings Is Set To Move The Markets!? -

This Week: Nvidia Earnings Is Set To Move The Markets!?

Nov 18, 2024Jeremy ParkinsonFinance0

Nvidia earnings report on Nov 20th

Shares may move 8.8% up or down

Hopper GPUs to deliver strong revenue

Blackwell GPUs to power future growth

Robust outlook could set new records

Even though the US presidential election is fading into the rearview mirror, it doesn’t mean markets will be starved for action over the coming week.Despite a relatively light macroeconomic calendar, markets are eager to get the latest earnings outlook from the world’s largest company – Nvidia.

Given its market cap of US$3.5 trillion, the market’s reaction to Nvidia’s earnings is bound to move the broader US500 and NAS100 stock indexes as well.

Key Events Watchlist:

Wednesday, November 20th: NAS100, US500 await Nvidia 3Q earnings (after US markets close)

Depending on what Nvidia’s C-suite conveys about its past and future earnings, shares of the world’s largest company are forecasted to move 8.8%, up or down, when US markets reopen on Thursday.Its Hopper GPUs are expected to deliver better-than-expected revenue in the previous (Q3 2024) and present (Q4 2024) quarters, while the much-hyped Blackwell GPUs are set to power Nvidia’s in the years ahead.A robust earnings outlook could propel the US500 and NAS100, and Nvidia’s shares, to new record highs!Here’s a comprehensive list of other key economic data and events due this week:Monday, November 18

SG20: Singapore October external trade

THB: Thailand 3Q GDP

USDInd: Speech by Chicago Fed President Austan Goolsbee

Tuesday, November 19

AUD: RBA policy minutes

EU50 index: Eurozone October CPI (final)

CAD: Canada October CPI

Wednesday, November 20

JP225 index: Japan October trade balance

CNH: China loan prime rates

GBP: UK October CPI, PPI

ZAR: South Africa September retail sales; October CPI

TWN index: Taiwan October exports

Nvidia earnings

Thursday, November 21

NOK: Norway 3Q GDP

EUR: Eurozone November consumer confidence

ZAR: South African Reserve Bank rate decision

Baidu earnings

US30 index: US weekly initial jobless claims; speeches by Cleveland Fed President Beth Hammack and Chicago

Fed President Austan Goolsbee

Friday, November 22

JPY: Japan October national CPI; November PMIs

AU200 index: Australia November PMIs

GER40 index: Germany/Eurozone November PMIs

UK100 index: UK November PMIs and consumer confidence; October retail sales

TWN index: Taiwan October jobless rate

CAD: Canada September retail sales

RUS2000 index: US November PMIs, consumer sentiment (final)

MXN: Mexico 3Q GDP

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