Nvidia’s upcoming quarterly report could jolt markets even after optimism from Fed Chair Jerome Powell’s comments on an approaching rate cut. Investors rallied after Powell’s remarks, snapping the S&P 500’s five-session slide and pushing it to its best day since May — yet attention now turns to Nvidia, which reports Wednesday after the close and carries outsized influence on the market. "Nvidia is key for the equity market," said Eric Beiley of Steward Partners, warning that any sign of a slowdown in AI spending could shake markets. "The pressure is still very intense," added Kim Forrest of Bokeh Capital Partners. #NVDA #AI #SP500

Wall Street consensus expects Nvidia to post an adjusted EPS of $1.01 for the fiscal second quarter, up 48% year-over-year, and revenue above $46 billion, a 54% increase. Nvidia accounts for roughly 8% of the S&P 500 and derives about 40% of revenue from big-cap customers Meta, Microsoft, Alphabet and Amazon, making its guidance a broad market signal. Options traders price roughly a 6% move in either direction around the print. Art Hogan of B. Riley Wealth called the company a potential positive catalyst if results and outlook meet expectations.

Risks include geopolitical and regulatory hurdles in China. Recent U.S. approvals to resume some sales there came with contentious conditions, and reports say Beijing is discouraging local firms from using certain Nvidia H20 chips, with suppliers reportedly asked to halt production. "The market expected Nvidia could eventually return to China," said Michael O’Rourke of JonesTrading, noting new frictions. Investors will also watch U.S. personal consumption expenditures (PCE) inflation data later in the week as another market-moving input. #FiatNews