Nov. 18 Stock Market Faces AI Test as Nvidia Targets $108 Billion and Anthropic Eyes $1 Trillion IPO
Updated
Updated · The Motley Fool · Nov 14
Nov. 18 Stock Market Faces AI Test as Nvidia Targets $108 Billion and Anthropic Eyes $1 Trillion IPO
3 articles · Updated · The Motley Fool · Nov 14
Summary
Nov. 18 is shaping up as a pivotal session for U.S. stocks because Nvidia’s quarterly results and Anthropic’s IPO pricing are expected to steer sentiment on AI-heavy indexes.
Nvidia reports after the Nov. 17 close with revenue guidance of $108 billion and 74% gross margins, making its demand outlook and comments on Vera Rubin chips and new CPUs the market’s immediate focus.
Anthropic is expected to price its IPO on Nov. 18 and start trading Nov. 19, potentially at a $1 trillion valuation after revenue jumped more than 1,200% year over year to about $33 billion in the first nine months.
Those events land as investors question whether more than $700 billion of AI infrastructure spending can be monetized, while inflation and possible rate hikes have already pushed the Nasdaq into correction territory this month.