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Wall Street heads into a pivotal week led by Nvidia (NVDA) earnings, fresh economic data, and continued enthusiasm around AI and gaming themes.
Nvidia’s (NVDA) results on Wednesday are expected to be the week’s marquee event, with investors focused on hyperscaler spending, sovereign AI demand, and commentary around data center growth. Options markets imply a roughly 6% move in the stock following the report, with semiconductor and AI-linked names likely to react in sympathy.
Tech will remain in focus throughout the week. Alphabet (GOOG) (GOOGL) hosts its Google I/O developer conference, while Dell Technologies World (DELL) will feature appearances from Nvidia CEO Jensen Huang. Investors will also monitor whether a SpaceX (SPACE) IPO prospectus emerges during the week.
On the macro side, flash PMI data on Thursday will provide insight into the economic impact of ongoing Middle East tensions, while the Federal Reserve will release minutes from its last meeting on Wednesday.
Retail earnings from Walmart (WMT), Target (TGT), Lowe’s (LOW), and TJX (TJX) will offer another read on consumer spending trends.
Elsewhere, Take-Two Interactive (TTWO) could see heightened volatility amid speculation around a new Grand Theft Auto 6 trailer and potential preorder announcements.
Earnings spotlight: Monday, May 18: Baidu (BIDU). See the full earnings calendar.
Earnings spotlight: Tuesday, May 19: Home Depot (HD). See the full earnings calendar.
Earnings spotlight: Wednesday, May 20: Nvidia (NVDA), Analog Devices (ADI), Intuit (INTU), Target (TGT). See the full earnings calendar.
Earnings spotlight: Thursday, May 21: Walmart (WMT). See the full earnings calendar.
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Insider Watch
Check out the week’s top insider trades, highlighting significant purchases and sales by investors, directors, and executives. Notable transactions took place at Micron (MU), Taiwan Semiconductor (TSM), and Citigroup (C).
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What SA Analysts Are Watching
Nvidia: I’m Buying Ahead Of Q1 Results
Walmart: Get Out Before The Correction
Target: Shares Could Pull Back After A Strong Run
Take-Two: GTA VI Release Can’t Come Soon Enough
Home Depot: The Bull Case Could Hardly Survive After The Print
Trump Brought An Army Of CEOs To Beijing For A Reason

