Nvidia reports quarterly results Tuesday evening, its first since Jensen Huang resigned as CEO. Anthropic is set to list on the Nasdaq on Thursday.
Nvidia reports quarterly results Tuesday evening, marking its first earnings report in its 27-year history as a public company without Huang as CEO. Huang resigned last week amid a widening scandal over alleged affairs. Interim CEO and longtime CFO Colette Kress now has to make the case for the company.
Nvidia stock is down 20% in November
Nvidia shares are limping into the report. The stock is down 20% so far in November, on pace for its worst monthly performance since ChatGPT sparked the AI boom in late 2022.
Analysts expect revenue of $109.08 billion and EPS of $2.47, according to LSEG. The call starts at 5 p.m. ET. CNBC's Investing Club lists several open questions, including whether Nvidia will stand by its 70% revenue growth forecast for fiscal 2028, and how potentially tighter U.S. export controls on chip shipments to China could affect it.
Anthropic's IPO tests appetite for AI stocks
Meanwhile, the creator of the Claude chatbot is set to go public on the Nasdaq on Thursday in what CNBC calls a historic IPO. According to its latest securities filing, Anthropic is looking to raise up to $64.4 billion, alongside a $26 billion private placement. It is expected to price the offering Wednesday night.
Interest is high. Bloomberg News reported the deal is six times oversubscribed. Still, CNBC's Jim Cramer has long warned that new equity supply could lead to selling in other names as investors raise money to buy the new issue.
A light data calendar
The economic calendar is fairly light. Retail sales, industrial production and minutes from the Fed's October meeting are the main releases. Home Depot, TJX Companies and Palo Alto Networks also report, so earnings from those three companies share the week with Nvidia and Anthropic.
Source: CNBC
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