Tech stocks ended the week mixed as investors await Nvidia Corp.’s earnings report on Wednesday. The results are seen as a key gauge for AI-driven growth in the market.
The Nasdaq rose 0.1% for the week. Nvidia shares swung sharply, dropping 3.4% early Friday before rebounding to a 2% gain. The S&P 500 fell 0.09%, with healthcare and energy offsetting tech weakness. Year-to-date, the S&P 500 is up 14%, and Nvidia has gained 35.1%.
Nvidia will release fiscal Q3 results for the period ending October 26 after the market closes on November 19. Analysts expect EPS of $1.25 and Q4 revenue of $63–64 billion. Nvidia’s performance is closely watched because of its AI chip dominance and new Blackwell chip rollout.
Earlier this week, AI stocks rebounded, but tech pulled back Thursday amid rate-cut doubts and AI skepticism. Investors see Nvidia as a market barometer for AI sentiment.
Key Metrics Ahead of Nvidia Earnings:
| Metric | Value |
|---|---|
| Expected Q3 EPS | $1.25 |
| UBS Revenue Guidance (Q4) | $63–64B |
| Nvidia YTD Performance | +35.1% |
| S&P 500 YTD Gain | +14% |
| Nasdaq Weekly Change | +0.1% |
Nvidia’s results could affect other AI-linked stocks, including AMD, Amazon, and Microsoft. Traders expect volatility with economic data and Fed updates coming.
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