Earnings From Nvidia, Home Depot, Banks, and Berkshire; Trump Speech

Earnings from Nvidia, the world’s most valuable company, and President Donald Trump’s State of the Union address take center stage this week.

Quarterly reports from chipmaking powerhouse Nvidia have been a key driver of the AI trade. Other key firms are on the earnings calendar, with reports scheduled for tech firms Salesforce and Dell, hardware retailers Home Depot and Lowe’s, and a slate of Canadian banks.

Trump’s comments will come after the Supreme Court last week struck down a key part of his tariff policies and economic growth showed signs of slowing. Several Fed speakers are lined up, potentially highlighting the division in the central bank over the future path of interest rates.

Read to the bottom for our calendar of key events—and one more thing.

Nvidia Earnings Come Amid Scrutiny of Big Tech AI Spending

After setting an upbeat tone for the AI trade with its last report, Nvidia’s earnings on Wednesday come as investors continue to raise worries about Big Tech spending. CEO Jensen Huang could speak to the “through the roof” demand for the firm’s AI-specialized chips and provide updates on Nvidia’s access to China. 

Media firms Paramount Skydance and Warner Bros. Discovery are reporting amid ongoing takeover drama. Warner Bros. Discovery said it was reopening its consideration of a takeover offer from Paramount after it had previously said it would accept the bid from streaming giant Netflix. 

Home improvement retailers Home Depot and Lowe’s are reporting as a housing market slump has hurt sales at the hardware sellers. Traders will also be looking for updates from tech firms Snowflake, CoreWeave, Workday, Dell, and HP.

Berkshire Hathaway’s report on Saturday is the first since Warren Buffett retired from the firm, handing the reins to new CEO Greg Abel.

Trump Speech, Fed Speakers Highlight Economic Calendar

President Trump’s annual State of the Union speech on Tuesday comes on the heels of his administration’s loss in a court challenge over his tariff policies. Trump could use the speech to further lay out his response to the decision, as well as discuss other key economic policies, including housing market reforms and tax policies.

With questions remaining about the path of interest rates amid softening inflation trends and robust labor market data, comments this week from Fed Governor Christopher Waller could provide more insight from an advocate of steeper reductions in borrowing costs. Other Federal Reserve officials are also on the speaking calendar.

The S&P Case-Shiller home price index is on deck as high prices contribute to affordability pressures in the housing market. Wholesale inflation data on Friday follows recent consumer inflation reports that showed price pressures easing more than economists anticipated.

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This Week’s Calendar

Monday, Feb. 23

• Factory orders (December)
• Federal Reserve Officials Speaking: Fed Governor Christopher Waller
• Key Earnings: Dominion Energy (D), Oneok (OKE)

Tuesday, Feb. 24

• President Donald Trump delivers State of the Union address
• More Data to Watch: S&P Case-Shiller home price index (December), Wholesale inventories (December), Consumer confidence (February)
• Federal Reserve Officials Speaking: Fed Governor Lisa Cook, Fed Governor Christopher Waller, Boston Fed President Susan Collins, Richmond Fed President Tom Barkin, Chicago Fed President Austan Goolsbee, Atlanta Fed President Raphael Bostic
• Key Earnings: Home Depot (HD), Bank of Nova Scotia (BNS), American Tower (AMT), Keurig Dr Pepper (KDP), Workday (WDAY), HP (HPQ)

Wednesday, Feb. 25

• Key Earnings: Nvidia (NVDA), TJX (TJX), Salesforce (CRM), Lowe’s (LOW), Bank of Montreal (BMO), Synopsys (SNPS), Medline (MDLN), Snowflake (SNOW), Agilent Technologies (A), Paramount Skydance (PSKY)

Thursday, Feb. 26

• Initial jobless claims (Week ended Feb. 21)
• Federal Reserve Officials Speaking: Fed Vice Chair Michelle Bowman
• Key Earnings: Royal Bank of Canada (RY), Toronto Dominion (TD), Intuit (INTU), Canadian Imperial Bank (CM), Dell (DELL), Warner Bros. Discovery (WBD), Baidu (BIDU), CoreWeave (CRWV)

Friday, Feb. 27

• Producer price index (January)
• More Data to Watch: Construction spending (December, November), Chicago Business Barometer (February)

Saturday, Feb. 28

One More Thing

Are you in danger of losing your job to AI? It could depend on where you live. Investopedia’s Trina Paul has more on which workers are best positioned to adapt to AI-related job displacement.