Wall Street Weekly Preview: Analysts Focus on NVIDIA Earnings and Key Economic Indicators
Analysts predict NVIDIA earnings could sway Wall Street this week, with key economic indicators set to reveal the market’s next move.
LuxeNova
Feb 23 2025
Wall Street is gearing up for another eventful trading week, with NVIDIA highly anticipated earnings report set to take the spotlight. The chipmaker will release its quarterly results on Wednesday after the market closes. Following a 25% dip after the DeepSeek launch, NVIDIA stock has nearly clawed back its losses.
Investors are eager to hear from CEO Jensen Huang, especially after the stock’s recent volatility. Analysts forecast Q4 revenue of $38.15 billion and earnings per share (EPS) of $0.85. Looking ahead to 2025, expectations are for $129.28 billion in revenue and EPS of $2.95.
Wall Street is gearing up for another eventful trading week, with NVIDIA highly anticipated earnings report set to take the spotlight. The chipmaker will release its quarterly results on Wednesday after the market closes. Following a 25% dip after the DeepSeek launch, NVIDIA stock has nearly clawed back its losses.
Investors are eager to hear from CEO Jensen Huang, especially after the stock’s recent volatility. Analysts forecast Q4 revenue of $38.15 billion and earnings per share (EPS) of $0.85. Looking ahead to 2025, expectations are for $129.28 billion in revenue and EPS of $2.95.
US Economy Shows Signs of Softening
Recent economic data suggests the U.S. economy may be losing steam. February’s services PMI dropped to 49.7 from 52.9, falling short of the expected 53.0 and marking a two-year low. Meanwhile, the manufacturing PMI edged up slightly to 51.6 from 51.2, helped in part by accelerated exports ahead of potential tariffs. Despite this uptick, many businesses remain cautious due to uncertainties surrounding trade policies. Manufacturing input prices also surged, and February’s PMI suggests an annual growth rate of just 0.6%, down from 2% at the end of 2024.
Labor market data wasn’t much better. New jobless claims rose by 5,000, while continuing claims increased by 24,000. Although these numbers remain relatively stable, government layoffs could push unemployment higher in the months ahead. Meanwhile, housing starts dropped by 10% in January, though building permits held steady.
Market Volatility Expected to Continue
Violeta Todorova, a research analyst at Leverage Shares, noted: “Uncertainty is fueling a correction, but we’re still in a bull market. The recent volatility stems from several factors, including post-election rally adjustments, Federal Reserve policy uncertainty, trade tensions, and weakness in the tech sector. While markets remain in positive territory year-to-date, expect choppy and volatile sessions until inflation expectations stabilize, and the outlook becomes clearer.”
Todorova added that one key concern is Trump’s potential tariff policies, which could impact inflation, corporate profitability, and economic growth. Rising long-term bond yields and a stronger dollar are also weighing on markets. However, she emphasized that this correction is a healthy consolidation after 2024’s strong gains, with technical indicators suggesting the bull market remains intact.
NVIDIA Earnings to Set the Tone
Paul Marino, Chief Revenue Officer at investment firm Themes, highlighted the importance of this week’s Personal Consumption Expenditures (PCE) report and NVIDIA earnings: “The PCE report is the Federal Reserve’s preferred inflation gauge. If the reading comes in higher than expected, it could delay any potential rate cuts in 2025, triggering a negative market reaction. Core PCE is expected to rise by 0.4%, reaching an annual rate of 2.6%.”
On NVIDIA, Marino noted that expectations are more muted this quarter compared to previous ones: “This lower profile could allow NVIDIA to surprise to the upside. Analysts anticipate EPS of $0.79, up 61% year-over-year, with revenue of $38.1 billion, driven by sustained demand for AI infrastructure.”
Sylvia Jablonski, CEO and Chief Investment Officer at Defiance, pointed to stocks that could benefit from Trump’s policies: “While the market often focuses on the ‘Magnificent Seven’ (MAG7), investors should also watch the ‘MAGA7’—a group that may gain from Trump’s policy agenda. Robinhood stands to benefit from a pro-crypto stance, which could boost trading volumes. MicroStrategy and Coinbase could also see tailwinds from increased crypto adoption.”
Tesla may benefit from Elon Musk’s ties to the administration, the company’s Bitcoin holdings, and advancements in robotics and autonomous vehicles. Palantir could gain from government efficiency initiatives and defense contracts, while Trump’s media company could see upside as well. Jablonski noted that Bitcoin remains below $100,000 despite the approval of Bitcoin ETFs, suggesting that broader institutional adoption and clearer regulatory frameworks will be key to the next leg up.
Earnings Reports to Watch This Week
The earnings calendar remains busy, with key reports from Domino’s Pizza, Tempus AI, Zoom, Allot, Cava, Stellantis, Innoviz, NVIDIA, Salesforce, Snowflake, Vistra, SoundHound, Dell, Duolingo, and Fubo.
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Analysts Expectations for Key Reports
Zoom is set to report Monday after the bell, with analysts projecting Q4 revenue of $1.19 billion and EPS of $1.35. For fiscal 2025, full-year revenue is expected to reach $4.68 billion.
Stay tuned for real-time updates throughout the week—NVIDIA earnings and the PCE report are likely to shape market sentiment in the days ahead.
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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
