AI earnings night: Broadcom is the main test, and oil above $100 changes the picture.
Wall Street opened September cautiously. On Tuesday the S&P 500 fell 0.71% to 7,631, the Nasdaq slid 1.03%, and the Dow lost 419 points. An oil-price surge and rate worries pressured tech for a second straight session.
Tonight the focus shifts to earnings. Broadcom (AVGO) reports after the close alongside HPE and Snowflake. It is the biggest AI-chip print of the week, and AI-semiconductor demand is the number the market wants.
Broadcom reports after today's close, with its call at 5pm ET. The market cares less about the headline print and more about forward AI-semiconductor demand. A strong read could revive AI-chip sentiment after two soft sessions, while cautious guidance could weigh on NVDA and the group.
The server and data wave: HPE and Snowflake
In the same window, HPE (HPE) and Snowflake (SNOW) also report. HPE frames enterprise AI-server spending, while Snowflake measures how fast companies adopt data and AI software. Together they round out tonight's AI-infrastructure story.
Brent rose more than 6% to around $100 and WTI to $91 on Iran tensions and Strait of Hormuz risk. Chevron (CVX) and Exxon each gained about 3%. Energy is moving opposite to tech.
Pre-Market Pulse 📊
US markets were not open when this Watchlist was built, so the figures above use Tuesday's closes plus catalyst context. The early tone leans cautious: tech soft ahead of earnings, energy firm with oil. Watch Nasdaq futures into the bell as a risk-appetite signal.
Macro Note 📝
Bond yields are rising and a hawkish Fed tone on rates still lingers. The US dollar is firmer and gold is easing. High oil is the inflation wildcard that could keep rate expectations tight.
Conclusion
Tonight is an AI-earnings test night, and Broadcom leads it. AI-demand guidance from AVGO, HPE and Snowflake could set the direction for the whole tech complex over the next few days. Energy is the natural hedge if oil stays hot.
If you follow US stocks, this is the moment to set your watchlist before the bell. What stocks are you watching tonight?
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms registered with Kominfo (Indonesia's Ministry of Communication and Informatics). His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
