The event comes a day after President Donald Trump met with Saudi Crown Prince Mohammed bin Salman at the White House.
The market is holding its collective breath ahead of Nvidia ( NASDAQ:NVDA ) earnings after the bell this afternoon.
Morning Brief: Market Sunrise host Ramzan Karmali breaks down the latest international headlines and market news on November 19, 2025. Nvidia is expected to release third quarter earnings results after the closing bell later today.
Stock futures are pointing to a slightly higher open after four straight days of declines for the benchmark S&P 500; Investors are bracing for the latest quarterly earnings report from Nvidia, due after the closing bell Wednesday; Lowe's shares are surging after the home improvement giant reported solid earnings a day after rival Home Depot missed profit estimates; Target shares are lower after the retailer reported a larger drop in sales than analysts had forecast; and the Department of Energy is backing a loan to help Constellation Energy reopen the Three Mile Island nuclear power plant in Pennsylvania. Here's what you need to know today.
Key Takeaways
The microchip sector trades cautiously ahead of Nvidia's earnings, which are expected to drive significant after-hours volatility. Nvidia, Intel, and AMD all hover near key technical levels, with market direction likely hinging on Nvidia's results and broader AI sentiment.
Nvidia is scheduled to report earnings after Wednesday's close. The stock just hit a record high of $212.19/share in October 2025 and is currently trading near $181.
Shares of Nvidia Corp. (NASDAQ: NVDA) have retreated 6.4% in the past week on concerns about an AI bubble ahead of the chipmaker's third-quarter report.
The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the third quarter of 2025. NVIDIA Corporation (NVDA), Nebius Group N.V. (NBIS) and Astera Labs, Inc. (ALAB), were among the top contributors to performance. Netflix, Inc. (NFLX), GFL Environmental Inc (GFL), and Twilio, Inc. (TWLO), were among the top detractors from performance.
Nvidia is set to report its third-quarter earnings after the bell Wednesday, with analysts forecasting a 56% year-on-year surge in sales. Richard Kelly, Head of Global Strategy at TD Securities, tells CNBC investors should be cautious around soaring AI valuations, but notes the tech sector's heavy investments haven't yet translated into significant GDP growth or affected the broader economy.
Nvidia's move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices to double by late 2026, according to a report published on Wednesday by Counterpoint Research.
European stocks are set for a soft open on Wednesday as questions continue over tech stocks.