By Lewis Krauskopf
Publication Date: 2025-11-14 11:02:00
NEW YORK, Nov 14 (Reuters) – Turbulence in technology stocks could ratchet higher in the coming week as investors react to the quarterly report from Nvidia Corp (NVDA.O), opens new tab, the world’s largest company by market value that is at the heart of Wall Street’s artificial intelligence trade.
On Thursday, the benchmark S&P 500 (.SPX), opens new tab equity index gave up gains from earlier in the week, as uncertainty about the economic outlook and path for U.S. interest rates undercut optimism over the end of the longest-ever U.S. government shutdown.
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Investors remained skittish about vulnerability to technology shares, which stumbled this month on concerns AI exuberance has driven up valuations to expensive levels.
With its AI chips, semiconductor giant Nvidia has been a bellwether for the theme that has lifted shares of an array of tech names as well as other companies involved in the vast infrastructure expansion to support AI use.
Nvidia is the “epicenter” of the build-out of AI, so its results after the bell on Wednesday will be important to the tech sector as well as areas such as industrials and utilities, said Matt Orton, chief market strategist at Raymond James Investment Management.
“If you don’t see the growth that I…