M Alfathan Rahman
M Alfathan Rahman
Nvidia's print is the biggest test yet for the AI trade, landing right before the July PCE inflation data.
Tonight's US session has one headline event that overshadows everything else. Nvidia reports quarterly earnings after the US close, at roughly 4:20pm ET.
This is more than a single report. Nvidia is the barometer for the entire artificial intelligence (AI) theme. Analyst consensus points to revenue near US$92 billion and earnings per share around US$2.09, up about 96% year over year.
The interesting part is not whether they beat, because they usually do. It is what actually moves the stock: forward guidance and the market's growing nerves about whether the cloud giants keep spending on AI compute.
| Stock | Movement | What to Watch |
|---|---|---|
| NVDA | Filled near publish | Reports after close; watch guidance and data-center demand |
| CRM | Filled near publish | Salesforce reports tonight; a read on enterprise AI software demand |
| CRWD | Filled near publish | CrowdStrike reports tonight; a gauge of cybersecurity spend |
| SNPS | Filled near publish | Synopsys reports today; a signal on the chip-design pipeline |
Nvidia (NVDA) reports after the close. Its track record is strong, beating expectations in 22 of the last 24 quarters. But the market's focus is on next-quarter guidance and management commentary on AI chip demand. The stock's reaction usually hinges on tone, not the headline number.
Two other large tech names also report tonight. Salesforce (CRM) offers a read on enterprise software demand and how fast AI features are being adopted. CrowdStrike (CRWD) is a gauge of cybersecurity budgets, a sector that has held up relatively well.
Synopsys (SNPS), which builds chip-design (EDA) software, gives an early read on how busy the semiconductor industry is. It is a useful complement for reading the health of the whole AI complex, not just one company.
As this note is written, the US market is still hours from the pre-market open, so early price action is not yet available. The Movement column in the Watchlist will be filled near publish time, once index-futures direction (S&P 500, Nasdaq, Dow) and each stock's early move come into view.
July PCE inflation data also lands tonight, the Fed's preferred inflation gauge. Consensus expects core PCE up about 3.3% year over year. A hotter-than-expected print could add caution around the rate path, and that feeds risk appetite for tech stocks tonight.
Tonight is one of the most data-packed sessions of the past month: one AI bellwether report, two supporting tech prints, and a key inflation release in a single session. Together they could set the tone for the rest of the week.
The key is to set your watchlist early and track not just the numbers but the forward guidance and the market's reaction. Remember, this is not a promise of direction, just a map of what to watch. What stocks are you watching tonight?
Line up your strategy for tonight straight from the app.
Disclaimer
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
