This Week: NVIDIA earnings is set to move the markets!?

• 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