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Nvidia results and Anthropic IPO set to test US market confidence

Nvidia results and Anthropic IPO set to test US market confidence

US stocks rebounded last week, but investors are watching two major AI events for signs of where markets may go next.

Nvidia is due to report its third-quarter results on November 17, after CEO Jensen Huang’s sudden departure added uncertainty about the company’s future direction.

Analysts expect strong results, but investors will also look for a clear plan from interim CEO Colette Kress on leadership and the company’s direction.

Anthropic plans to set its IPO price on November 18 and list on Nasdaq on November 19, with a proposed price range of $70 to $78 a share.

At the top of that range, the company would be valued at about $1.02 trillion, below some earlier estimates of $2 trillion.

The two events could shape confidence in AI companies, whose share prices and prospects have faced pressure amid concerns about tighter regulation and slower growth.

Investors will also watch a planned November 18–19 meeting between US President Donald Trump and Chinese President Xi Jinping, where trade is expected to be a main topic.

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What people are saying

Mark Hackettsenior market strategist at Nationwide Investment Management Group
Nvidia's issue has now become a company-specific matter
via Yonhap
Benjamin Blackchief investment officer at PowerLaw Corp.
Lowering the estimated valuation from the $2 trillion discussed early this fall to around $1.2 trillion was a very wise choice for the company
via Yonhap
Jeff Kilburgfounder of KKM Financial
There is tremendous uncertainty, and I have no intention of pretending I know everything
via Yonhap
Lee Kyung-minresearcher at Daishin Securities
If Nvidia's results confirm solid demand and plans for next-generation GPUs, investment sentiment in the semiconductor sector will improve further
via Hankyung