Nvidia earnings and the Anthropic IPO will be the focus for AI-related stocks this week. Market developments surrounding the outlook for 16–20 November are the main topic of coverage.
According to an investment information provider, the Nikkei Average rebounded last week, as profit-taking following its sharp rise prevailed, while a rebound in the SOX Index triggered a market reversal. This week, Nvidia’s earnings and information on Anthropic’s IPO are expected to influence the direction of AI-related stocks.
Reports concerning Nvidia’s CEO emerged over the weekend, and at times selling pressure on a temporary rebound intensified amid caution over growth in the AI market. However, after the resignation was announced, the decline was contained and buying back shares prevailed, bringing the week’s trading to a close, according to reports.
Nvidia’s share price alternated between declines and gains during this period. Reports indicate that it rose from its low on the 12th, spreading a sense of reassurance among buyers. Uncertainty over a potential successor and the possibility of limiting borrowing have reportedly continued to cloud the outlook.
NVIDIA is scheduled to announce its earnings on the 17th this week, while Anthropic’s IPO on the 19th is also expected to be a major event. Selling to raise cash ahead of the IPO is said to have run its course, but some believe the stock’s performance after listing could directly affect AI-related stocks.