Investors are preparing for a week of major earnings reports and economic data that could shape sentiment across technology and AI infrastructure stocks.
The Nasdaq Composite has fallen nearly 12% from its October 6 record, while the S&P 500 and Nasdaq lost 2.7% and 3.4% respectively last week. Fresh U.S. inflation data due Tuesday and producer price data on Friday will provide additional tests for markets as traders assess Federal Reserve policy.
Constellation Energy reports before Monday's open. The electricity producer, which has benefited from growing power demand from AI data centres, closed at $249.95 on November 6, down 30.2% year to date. Analysts expect earnings of $3.72 per share on revenue of $9.21 billion. The company has beaten earnings estimates by approximately 5.8% in each of its previous two quarters.
CoreWeave reports Tuesday after market close. The stock closed at $46.40 on November 6, down 43% over the past month and 59% over six months. Analysts expect earnings of 9 cents per share, though consensus estimates have been cut 12.6% over the past 90 days. Shares fell 17.3% following a first-quarter earnings miss before gaining 22.2% after a second-quarter beat.
Nebius Group reports before Thursday's open at $129.49 on Friday, remaining down 41% over the past month but up 48.9% year to date. Nebius shares surged 32% following second-quarter results and 23.5% after first-quarter reports.
Applied Materials reports Thursday after market close at $332.72 on November 6, down 34.7% over the past month but up 44.6% over the past year. Analysts expect earnings of $4.06 per share on revenue of $10.30 billion. Earnings estimates have risen 10.5% over the past 90 days, making it one of few companies where analyst expectations have strengthened despite sharp share declines.
Cisco Systems rounds out Thursday's calendar at $93.85 on November 6, down 18.3% over the past month. Analysts expect earnings of $1.32 per share on revenue of $18.11 billion, with earnings estimates up 15.4% over the past 90 days.
Nvidia is scheduled to report November 17.
Economists expect core U.S. consumer prices to rise 0.2% month over month, potentially lifting the annual rate to 2.7% from 2.6%.
Investors watching Nasdaq Composite, S&P 500, CEIX, CDTI, NBIS, AMAT, and CSCO should monitor whether earnings guidance and commentary from this week's five reports signal sustained strength in AI infrastructure spending or reflect a market correction.