Wall Street futures edge higher as Nvidia earnings, Anthropic IPO loom
U.S. stock futures are ticking higher after major indexes posted their strongest weekly gains since August. Investors are now focusing on Nvidia's earnings report on Tuesday and Anthropic's expected public market debut, two events that could shape near-term sentiment toward AI-related stocks.
Highlights
- Nasdaq-100 futures rise 0.4%, S&P 500 futures add 0.1%, and Dow futures trade flat as Nvidia earnings and Anthropic IPO approach.
- Nvidia shares drop 13% last week following CEO Jensen Huang's resignation amid scandal, with investor focus on interim CEO Colette Kress and Tuesday's earnings outlook.
- Anthropic targets about $1.4 trillion valuation in its IPO, with shares priced between $70 and $78, intensifying interest in AI-driven market events.
Key market catalysts this week
As reported by CNBC, Nasdaq-100 futures gain 0.4% on Sunday night, while S&P 500 futures add 0.1% and Dow Jones Industrial Average futures trade near the flatline.Nvidia is set to report results after the bell on Tuesday. Analysts expect the chipmaker to post nearly 100% year-over-year growth in earnings and revenue, but investors are focusing more closely on the company's direction after Jensen Huang's exit as CEO.
Huang resigned last week after reports of multiple extramarital affairs, including one involving an alleged Chinese spy. Nvidia shares fell 13% over the week, marking their steepest weekly decline since April 2025.
Dan Ives, analyst at Yorkville Ives, says interim CEO Colette Kress faces the immediate task of restoring confidence in Nvidia's outlook. He says that effort begins with this week's earnings release and conference call, while he still expects guidance and commentary pointing to robust business and accelerating demand trends since last quarter.
AI listings and broader market momentum
Another major event for markets this week is Anthropic's initial public offering. The AI company is targeting a valuation of about $1.4 trillion, with shares expected to be priced between $70 and $78.Wall Street enters the new week with strong momentum despite Nvidia's selloff. The Dow, S&P 500 and Nasdaq each rise more than 2% last week, delivering their biggest weekly gains since August and underscoring continued investor appetite for equities ahead of key technology and capital-markets events.
As highlighted earlier, our coverage of the Anthropic IPO examined how it could gauge risk appetite for AI-linked tech stocks.