Nvidia to report; PCE ahead - what’s moving markets

Investing.com reports that traders are preparing for two key events that could significantly impact market movements: Nvidia's upcoming earnings report and the latest personal consumption expenditures price index (PCE). Nvidia, a leading artificial intelligence company, is expected to announce a substantial increase in quarterly revenue, with some analysts forecasting a doubling of revenue to $92.18 billion.

However, concerns over the sustainability of AI infrastructure spending among Nvidia's clients may affect the AI sector's outlook. Meanwhile, the PCE data released by the Commerce Department will provide insights into consumer expectations and new home sales in July, with policymakers closely monitoring the core PCE price index as an indicator for potential interest rate adjustments.