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

Why It Matters

The outcomes will shape sentiment across AI, housing, and financial markets, influencing investor positioning and policy expectations.

Key Takeaways

• Nvidia earnings drive AI market sentiment.
• Home Depot and Lowe’s face housing slowdown.
• Berkshire Hathaway reports post‑Buffett leadership transition.
• Fed speakers signal split on interest‑rate path.
• Trump’s State of the Union follows tariff court loss.

Pulse Analysis

Nvidia's upcoming earnings report remains the focal point of this week's market narrative, as the chipmaker continues to power the AI trade. After last quarter's upbeat guidance, investors are keen to see whether demand for its AI‑optimized GPUs stays “through the roof” and how the company navigates ongoing restrictions on China sales. A strong top line could reinforce bullish sentiment across semiconductor indexes, while any miss may reignite concerns about Big Tech spending cycles. Analysts also watch for commentary on supply‑chain resilience and future product roadmaps.

The earnings calendar widens with Home Depot and Lowe’s reporting amid a housing‑market slowdown that has pressured hardware retailers' revenues. Their results will test whether lower home‑price appreciation translates into weaker DIY spending. Meanwhile, Berkshire Hathaway's Saturday filing marks the first post‑Buffett filing under new CEO Greg Abel, offering clues on the conglomerate's strategic direction. Media companies Paramount Skydance and Warner Bros. Discovery are also in focus as takeover talks revive, adding volatility to the entertainment sector. Fed officials, including Governor Christopher Waller, are slated to speak, highlighting internal debate over the pace of rate cuts.

President Trump’s State of the Union address arrives after the Supreme Court struck down a key element of his tariff regime, setting the stage for potential policy pivots. The speech could signal new housing‑market reforms or tax initiatives that influence consumer spending and construction activity. Market participants will also watch the S&P Case‑Shiller home‑price index and upcoming wholesale‑inflation data for signs of lingering price pressures. Together, corporate earnings, Fed commentary, and political developments create a tightly coupled environment where investor sentiment may swing sharply on any surprise.