Nvidia earnings, Target’s profit outlook, Meta’s antitrust victory and more in Morning Squawk

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Here are five key things investors need to know to start the trading day:

Wall Street may be losing some of its excitement for artificial intelligence, but the battle among major technology companies for dominance in the field hasn’t cooled. After the bell today, investor attention will zero in on just one event: Nvidia‘s earnings report.

Here’s the latest on Nvidia and the sector:

• Nvidia has fallen more than 4% this week as investors await its third-quarter results. Shares are up more than 1% in premarket trading today.
• Nvidia and Microsoft yesterday announced a partnership with AI startup Anthropic. A source told CNBC that with the investments, Anthropic’s valuation now stands at around $350 billion — up from $183 billion in September.
• Microsoft also unveiled its own product that can automatically detect the use of AI agents developed by the tech company or some other tech firms.
• Google, meanwhile, announced its upgraded Gemini 3 model as it attempts to keep up with OpenAI’s ChatGPT.
• Intuit will pay OpenAI more than $100 million in a multiyear deal that will integrate ChatGPT in the company’s financial products, like TurboTax.
• The decline in Nvidia and other AI names yesterday dragged down the broader market,…