Nvidia Earnings in Focus as US Stock Futures Remain Steady Following Record Surge

US stock futures remain steady after last week's record surge, with Nvidia earnings in focus this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures are near the baseline, while Nvidia's earnings report will be a test for the chipmaker and the broader market. The Fed's preferred inflation gauge, the July PCE report, is due on Friday.

US stock futures remain steady following last week's record surge, with investors awaiting key earnings reports and inflation data. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures are near their baseline levels, reflecting cautious optimism ahead of this week's market-moving events.

Nvidia (NVDA) earnings, scheduled for Wednesday, will be a pivotal moment for the chipmaker and the broader market. The company, a leader in the AI boom, is expected to report strong sales despite headwinds from China export curbs. Nvidia warned in May of an $8 billion revenue hit from export restrictions and has been negotiating with the Trump administration to launch a scaled-down Blackwell-based chip for Chinese data centers. Investors will closely examine CEO Jensen Huang's guidance on production timelines and rumors of a Rubin chip delay.

The Federal Reserve's preferred inflation gauge, the July Personal Consumption Expenditures (PCE) Index, will be released on Friday. A softer reading could cement expectations for a September rate cut, while a hotter number could complicate those bets. June's PCE ticked higher, but early July data suggests easing pressures. The bond market is now pricing 91.5% odds of a September cut, reflecting the market's anticipation of a Fed pivot.

The return of Bed Bath & Beyond (BBBY) to the market after being delisted from the NYSE may also impact stock prices. The company's parent, Beyond (BYON), is attempting to revive BBBY by converting Kirkland's stores into Bed Bath & Beyond Home outlets. While this strategy aims to drive revenue growth, investors should remain cautious due to the company's ongoing financial struggles and liquidity concerns [1].

The upcoming week will also feature earnings reports from several tech companies, including Marvell (MRVL), Dell (DELL), CrowdStrike (CRWD), Snowflake (SNOW), and Autodesk (ADSK). These reports will provide additional insights into the tech sector's performance and growth prospects.

In conclusion, the upcoming week promises a mix of significant events that could shape market sentiment. Investors will be closely watching Nvidia's earnings, the PCE inflation report, and the reemergence of Bed Bath & Beyond as key catalysts for stock price movements.

References:
[1] https://seekingalpha.com/article/4815937-beyond-bed-bath-and-beyond-attempts-to-revive-its-apes-as-liquidity-collapses
[2] https://www.tradingnews.com/news/stock-market-update-for-the-upcoming-week-dow-at-45631-sp500-near-record-nvidia-earnings-loom
[3] https://www.investopedia.com/what-to-expect-in-markets-this-week-nvidia-earnings-a-key-measure-of-inflation-and-more-11795525