Today’s Top Stories: Nvidia Earnings, Inflation Data, Intuit and Meta

TLDR

• Nvidia reports earnings after the bell, with Wall Street expecting strong AI-driven growth
• US inflation rose to 3.7% in July, complicating the Federal Reserve’s next move
• Intuit dropped after its fiscal 2027 revenue forecast missed analyst estimates
• Meta rose after making progress settling child safety lawsuits brought by US states
• Oil prices fell below $90 as hopes grew for easing tensions around the Strait of Hormuz

Nvidia Earnings Put AI Stocks in the Spotlight

Nvidia is the center of attention on Wall Street today as the AI chip company prepares to report earnings after the closing bell.

Analysts expect another strong quarter, with investors watching data-center revenue, demand for Nvidia’s latest AI systems, and gross margins closely.

Options markets are pricing in a move of around 5% following the report, which would represent a large swing in market value.

The results carry weight beyond Nvidia alone. Semiconductor, server, and data-center stocks have been moving in line with expectations around Nvidia’s growth, making tonight’s report a potential catalyst across the tech sector.

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