In this episode of Breaking News to Trading Moves, we are looking at one of the most important earnings weeks for the US stock market, with Nvidia, Walmart, Home Depot, Lowe’s, Target, TJX and Ross Stores all in focus.

The biggest headline is Nvidia. The market is treating Nvidia’s upcoming earnings as a major test for the AI trade because the company sits at the centre of the AI chip, data centre and infrastructure boom. Nvidia is expected to report first-quarter results on Wednesday, while Walmart reports on Thursday, giving investors another key read on consumer spending and inflation pressure.

The key question for traders is simple: can these companies confirm that the AI boom and the US consumer are still strong enough to support current valuations?

Winners

AI chips and data centre infrastructure