Earnings · $NVDA
Nvidia Reports Tuesday With an Interim CEO as Next Week Brings Retail Sales, Fed Minutes and the Anthropic IPO
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Analysts expect 90% earnings growth on $109 billion in revenue, but the report lands days after Jensen Huang's resignation.
By Emma Cruz ·
Wall Street heads into a heavy week with Nvidia's quarterly report as the main event, the first since Chief Executive Jensen Huang resigned on Thursday. Reuters reported that analysts expect Nvidia to post 90% earnings growth on $109 billion in revenue for its fiscal third quarter, based on LSEG data [1]. The company has said it will hold its conference call on Tuesday, Nov. 17, at 2 p.m. Pacific time, or 5 p.m. Eastern, and that Chief Financial Officer Colette Kress will post written commentary on its investor relations site right after results are announced [2].
The stakes have risen because of what happened to the stock. Nvidia's market value fell from about $5.8 trillion in early October to roughly $4 trillion as of Thursday, according to LSEG data cited by Reuters [1]. The shares slipped another 2% on Friday, Kiplinger reported [3]. The Associated Press said Huang stepped down after an affair with a Chinese tech executive raised U.S. national security concerns, and that Kress, who remains the finance chief, will serve as interim chief executive [4]. The AP also noted that Nvidia had been sliding for weeks on worries about a possible slowdown in the AI industry [4].
Reuters quoted Alex Morris, chief executive of F/m Investments, as saying that the market may already have priced in much of the damage, so a weaker quarter might not be punished as harshly [1].
Nvidia is not the only test for the artificial intelligence trade. Anthropic is expected to price its initial public offering on Wednesday evening and begin trading on the Nasdaq under the ticker ANT on Thursday, Kiplinger reported, with the company planning to sell 825 million shares at $70 to $78 each [3]. Reuters said the offering could value the company at up to $1.4 trillion and raise as much as $64.4 billion for the company and some investors [1]. Patrick Ryan of Madison Investments told Reuters that a weak debut would be another cautionary sign for the AI trade [1].
Macroeconomic data and the Federal Reserve also matter. The monthly U.S. retail sales report is due on Tuesday, and minutes from the Fed's most recent meeting arrive on Wednesday, which Reuters said may show plans for further monetary tightening [1]. October consumer prices rose faster than expected, and markets now price in more rate hikes, Reuters reported [1]. The CME FedWatch tool showed a 90% probability of a quarter-point increase in December as of Friday, Kiplinger said [3].
Retailers will report as well. Walmart, Target, Home Depot and Lowe's all release results next week, giving a read on consumer spending at a time when energy prices remain elevated and interest rates are back near their highs, Reuters reported [1]. Sameer Samana of Wells Fargo Investment Institute said the market has "rose-colored glasses on almost all the risks," including inflation, the war in Iran and AI uncertainty [1]. Reuters also noted that the S&P 500 was up nearly 11% in 2026 heading into the week, and that Democratic midterm victories had raised concerns about tighter regulation of data centers [1].
Why it matters: Nvidia's results and outlook set the tone for AI spending expectations across chipmakers, cloud providers and the broader indexes, while the Fed minutes and retail data bear on the outlook for interest rates. What to watch next: Kress's commentary on demand and guidance, any update on permanent leadership, how the Anthropic offering is received on its first trading day, and whether consumer companies show strain from higher energy costs and rates.
Sources:
[1] Reuters (via Kitco), "Wall St Week Ahead: Nvidia results, Anthropic IPO pose tests for tumultuous AI trade", November 13, 2026. https://www.kitco.com/news/off-the-wire/2026-11-13/wall-st-week-ahead-nvidia-results-anthropic-ipo-pose-tests-tumultuous
[2] NVIDIA, "NVIDIA Sets Conference Call for Third-Quarter Financial Results", October 28, 2026. https://investor.nvidia.com/news/press-release-details/2026/NVIDIA-Sets-Conference-Call-for-Third-Quarter-Financial-Results/
[3] Kiplinger, "Nasdaq Drops Friday on Nvidia Fallout But Ends the Week Up: Stock Market Today", November 13, 2026. https://www.kiplinger.com/investing/stocks/nasdaq-drops-friday-on-nvidia-fallout-but-ends-the-week-up-stock-market-today
[4] The Associated Press (via The Korea Times), "Stocks sway as Wall Street heads for winning week after several turbulent days", November 13, 2026. https://www.koreatimes.co.kr/world/20261114/stocks-sway-as-wall-street-heads-for-winning-week-after-several-turbulent-days
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.