What to Expect in Markets This Week: Earnings From Nvidia, Home Depot, Banks, and Berkshire; Trump Speech

Earnings from Nvidia, the world’s most valuable company, and President Donald Trump’s State of the Union address take center stage this week.

Quarterly reports from chipmaking powerhouse Nvidia have been a key driver of the AI trade. Other key firms are on the earnings calendar, with reports scheduled for tech firms Salesforce and Dell, hardware retailers Home Depot and Lowe’s, and a slate of Canadian banks.

Trump’s comments will come after the Supreme Court last week struck down a key part of his tariff policies and economic growth showed signs of slowing. Several Fed speakers are lined up, potentially highlighting the division in the central bank over the future path of interest rates.

Read to the bottom for our calendar of key events—and one more thing.

Nvidia Earnings Come Amid Scrutiny of Big Tech AI Spending

After setting an upbeat tone for the AI trade with its last report, Nvidia’s earnings on Wednesday come as investors continue to raise worries about Big Tech spending. CEO Jensen Huang could speak to the “through the roof” demand for the firm’s AI-specialized chips and provide updates on Nvidia’s access to China. 

Media firms Paramount Skydance and Warner Bros. Discovery are reporting amid ongoing takeover drama. Warner Bros. Discovery said it was reopening its consideration of a takeover offer from Paramount after it had previously said it would accept the bid from streaming giant Netflix. 

Home improvement retailers